Asian markets settle mostly higher on Tuesday
Japanese shares rose sharply, even as a stronger yen weighed on exporters’ overseas profits
Asian markets settled mostly higher on Tuesday tracking Wall Street’s gains overnight as Crude oil prices slumped and Federal Reserve Vice Chair Michelle Bowman said she favored a rate cut as soon as July if inflationary pressures remain contained. Market sentiments improved further after US President Donald Trump said a ceasefire agreed between Israel and Iran is now in effect. Hong Kong index soared, with technology and EV shares leading the surge. Moreover, Japanese shares rose sharply, even as a stronger yen weighed on exporters’ overseas profits.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,420.57 | 38.99 | 1.14 |
| Hang Seng | 24,177.07 | 487.94 | 2.02 |
| Jakarta Composite | 6,869.17 | 82.03 | 1.19 |
| KLSE Composite | 1,514.29 | -2.32 | -0.15 |
| Nikkei 225 | 38,790.56 | 436.47 | 1.13 |
| Straits Times | 3,904.30 | 25.04 | 0.64 |
| KOSPI Composite | 3,103.64 | 89.17 | 2.87 |
| Taiwan Weighted | 22,188.76 | 456.74 | 2.06 |
