Asian markets settled mostly higher on Tuesday, with risk appetite in the market buoyed by the rally in technological sector amidst growing optimism over AI followed by the news on a meeting between China's President Xi Jinping and business leaders. Japan's Nikkei finished green after the local currency yen softened bolstering foreign investments and on upbeat economic data for the quarter 4. Japan's economy grew by 0.7% quarter-on-quarter in the fourth quarter, up from 0.4% growth in the previous quarter and exceeding expectations of 0.3%. On an annualized basis, Japan's GDP expanded by 2.8% in Q4, in line with forecasts and accelerating from a 1.7% increase in Q3.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,324.49 | -31.34 | -0.94 |
Hang Seng | 22,976.81 | 360.58 | 1.57 |
Jakarta Composite | 6,873.55 | 42.67 | 0.62 |
KLSE Composite | 1,584.84 | 2.08 | 0.13 |
Nikkei 225 | 39,270.40 | 96.15 | 0.24 |
Straits Times | 3,925.56 | 20.71 | 0.53 |
KOSPI Composite | 2,626.81 | 16.39 | 0.62 |
Taiwan Weighted | 23,666.11 | 160.78 | 0.68 |
