Asian markets ended mixed on Tuesday as investors watched for a possible resumption of US-Iran peace talks in Doha that could help ease inflation concerns. However, Iran's foreign ministry spokesperson, Esmaeil Baghaei flatly rejected the claim, stating, “Over the coming days, we will not have any negotiation meetings with the US side at any level”. Hong Kong shares dropped, despite continued policy support from Beijing after Chinese central bank PBoC significantly boosted liquidity via its overnight reverse repo operations. Chinese shares gained as stronger-than-expected PMI data reinforced optimism about China's economic health. Data showed that China's official manufacturing PMI returned to expansion in June, and non-manufacturing activity expanded for a second month. Further, Japanese shares continued to benefit from optimism surrounding the global expansion of AI, supported by their strategic positioning and investments in the sector. Japanese shares also drew support from the yen’s slide, which was driven by expectations of a slow pace of interest-rate increases by the Bank of Japan.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 4,094.40 | 20.50 | 0.50 |
| Hang Seng | 22,881.02 | -145.66 | -0.63 |
| Jakarta Composite | 5,643.19 | -177.60 | -3.15 |
| KLSE Composite | 1,664.06 | -1.85 | -0.11 |
| Nikkei 225 | 70,062.32 | 594.21 | 0.86 |
| Straits Times | 5,170.65 | -38.10 | -0.73 |
| KOSPI Composite | 8,476.48 | 81.83 | 0.97 |
| Taiwan Weighted | 46,125.91 | 1,126.01 | 2.50 |
