The Asian markets ended in green on Tuesday, as oil prices rallied and the Reserve Bank of Australia kept rates on hold, as widely expected. The Reverse Bank of Australia (RBA) in a statement cited reasons such as continued growth, low inflation and mixed labor market data as contributing factors to hold interest rates steady. Chinese shares ended higher, led by gains in consumer and industrial stocks. Further, Japanese shares rose as the yen weakened against the dollar after rising on Monday following a speech from BOJ Governor Haruhiko Kuroda.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,090.71 | 18.62 | 0.61 |
Hang Seng | 23,787.68 | 138.13 | 0.58 |
Jakarta Composite | 5,372.10 | 15.14 | 0.28 |
KLSE Composite | 1,689.92 | 11.84 | 0.71 |
Nikkei 225 | 17,081.98 | 44.35 | 0.26 |
Straits Times | 2,896.55 | 44.81 | 1.57 |
KOSPI Composite | 2,066.53 | 6.45 | 0.31 |
Taiwan Weighted | 9,181.85 | 91.72 | 1.01 |