Asian markets settled mostly lower on Tuesday as renewed US-Iran tensions and attacks near the Strait of Hormuz pushed Brent crude prices above $92 per barrel, and raised concerns about inflation and interest rates hike. Chinese and Hong Kong markets declined, even as investors anticipated more substantive economic stimulus and policy support from Beijing following recent soft data. However, South Korea's Kospi gained as stronger-than-expected exports and robust semiconductor demand linked to the artificial intelligence boom supported technology stocks.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,979.89 | -6.41 | -0.16 |
Hang Seng | 25,329.73 | -237.26 | -0.93 |
Jakarta Composite | 6,599.94 | 74.46 | 1.13 |
KLSE Composite | 1,700.54 | -25.34 | -1.47 |
Nikkei 225 | 66,215.34 | -96.59 | -0.15 |
Straits Times | 5,710.37 | -44.99 | -0.78 |
KOSPI Composite | 6,835.80 | 15.78 | 0.23 |
Taiwan Weighted | 46,948.72 | 820.25 | 1.78 |
