Asian markets settled mostly down on Tuesday as investors were cautiously awaiting US President-elect Donald Trump's stance on the economy, immigration, foreign policy and more. Meanwhile investors were awaiting key US inflation reading later in the week for directional cues. Chinese and Hong Kong shares declined as stimulus efforts in China failed to meet expectations. Meanwhile, Chinese yuan slumped after private report said that Trump is likely to appoint two men with track records of harshly criticizing China for key positions in his new administration, a sign ties between the superpowers may deteriorate further in coming years. Japanese shares declined, even a day after Japanese PM Shigeru Ishiba pledged more than $65 billion of support for the nation's semiconductor and artificial intelligence sector over the next decade.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,421.97 | -48.10 | -1.41 |
| Hang Seng | 19,846.88 | -580.05 | -2.92 |
| Jakarta Composite | 7,321.99 | 55.53 | 0.76 |
| KLSE Composite | 1,608.43 | -0.83 | -0.05 |
| Nikkei 225 | 39,376.09 | -157.23 | -0.40 |
| Straits Times | 3,711.48 | -27.99 | -0.75 |
| KOSPI Composite | 2,482.57 | -49.09 | -1.98 |
| Taiwan Weighted | 22,981.77 | -547.87 | -2.38 |
