Asian markets settled mostly down on Tuesday as American currency rallied after US President-elect Donald Trump said he plans to impose 25% tariffs on Mexico and Canada and an additional 10% on China on his first day in office. Meanwhile, investors were awaiting the release of Federal Reserve's preferred measure of inflation, the personal consumption expenditures (PCE) price index due on Wednesday. Japanese shares declined ahead of November inflation numbers from the Tokyo region due later in the week, while a stronger yen kept investors nervous. Seoul shares fell ahead of a Bank of Korea interest-rate decision on Wednesday. Moreover, Chinese shares slipped ahead of Chinese industrial profit data and purchasing managers index numbers due this week.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,259.76 | -4.00 | -0.12 |
| Hang Seng | 19,159.20 | 8.21 | 0.04 |
| Jakarta Composite | 7,245.89 | -68.22 | -0.94 |
| KLSE Composite | 1,603.15 | 5.70 | 0.36 |
| Nikkei 225 | 38,442.00 | -338.14 | -0.88 |
| Straits Times | 3,712.39 | -19.00 | -0.51 |
| KOSPI Composite | 2,520.36 | -13.98 | -0.55 |
| Taiwan Weighted | 22,678.76 | -269.61 | -1.19 |
