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Asian markets trade mostly lower in early deals on Tuesday

23 Jun 2026 Evaluate
Asian markets traded mostly lower in early deals on Tuesday, pressured by the heightening bets for a more aggressive stance on inflation from the Federal Reserve later this year, and on cautiousness over developments in the Middle East. Asian chip and tech equities slipped, tracking Wall Street's overnight pullback as US heavyweights succumbed to profit-taking. South Korea’s KOSPI tumbled the most among local indices as foreign investors locked in profits, fuelled by stretched AI valuations and the broader tech sell-off across the US and global markets. 

Nikkei tumbled by 898.96 points or 1.24% to 71,455.00, Hang Seng plunged by 243.52 points or 1.04% to 23,525.00, Taiwan weighted dipped by 201.49 points or 0.42% to 47,540.02, KOSPI Index wilted by 488.40 points or 5.36% to 8,626.15, Jakarta Composite dipped by 28.25 points or 0.46% to 6,088.44, Shanghai Composite declined by 15.55 points or 0.37% to 4,147.55, and FTSE Bursa Malaysia KLCI index narrowed by 3.15 points or 0.19% to 1,697.69.

On the flip side, Straits Times up by 12.89 points 0.25% to 5,216.90.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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