Asian markets settled mostly higher on Tuesday tracking overnight gains on Wall Street fuelled by a rally in artificial intelligence-related stocks, while falling Brent crude prices and lower US Treasury yields also supported market sentiment. Market sentiments improved further amid rising expectation of a diplomatic solution to the US-Iran conflict ahead of closely watched United Nations General Assembly talks in New York. Meanwhile, market participants awaited speeches from Fed officials John Williams and Tom Barkin scheduled later today, for more interest rate related cues. Chinese markets inched up amid optimism over high-level US-China trade and AI talks ahead of the upcoming Trump-Xi summit in the United States. Japanese markets were closed for an extended holiday and trading will resume on Thursday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,952.13 | 2.22 | 0.06 |
Hang Seng | 25,087.75 | 45.04 | 0.18 |
Jakarta Composite | 6,277.04 | -107.69 | -1.72 |
KLSE Composite | 1,683.50 | 16.56 | 0.99 |
Nikkei 225 | -- | -- | -- |
Straits Times | 5,723.76 | 48.53 | 0.86 |
KOSPI Composite | 7,017.91 | 10.19 | 0.15 |
Taiwan Weighted | 47,800.17 | 81.33 | 0.17 |
