Asian markets settled mostly down on Tuesday as they tracked Wall Street’s overnight weakness following rising uncertainty around US President Trump's trade policies and the outlook for inflation and economic growth. Meanwhile, investors are awaiting key US inflation print for further insights into the Federal Reserve’s interest rate path. Japanese shares fell as the Japanese currency yen touched a five-month high due to growing fears over tariff-driven downturn in the United States. However, Chinese shares gained as Citigroup upgraded Chinese equities to overweight, citing DeepSeek's artificial intelligence technology breakthrough, the government's support for the technology sector and still-cheap valuations.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,379.83 | 13.67 | 0.40 |
Hang Seng | 23,782.14 | -1.35 | -0.01 |
Jakarta Composite | 6,545.85 | -52.36 | -0.80 |
KLSE Composite | 1,520.15 | -16.31 | -1.06 |
Nikkei 225 | 36,793.11 | -235.16 | -0.64 |
Straits Times | 3,825.83 | -73.24 | -1.91 |
KOSPI Composite | 2,537.60 | -32.79 | -1.29 |
Taiwan Weighted | 22,071.09 | -388.06 | -1.76 |
