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Asian markets end mostly lower on Tuesday

Japanese shares fell and the yen strengthened slightly after the Bank of Japan kept interest rates unchanged at 0.75% as expected

Asian markets ended mostly lower on Tuesday tracking Wall Street's mixed cues overnight and as International Brent crude prices remained elevated after reports suggested that US President Donald Trump is not satisfied with the Iranian proposal to reopen the Strait of Hormuz and end the two-month war in exchange of delaying nuclear talks. Japanese shares fell and the yen strengthened slightly after the Bank of Japan kept interest rates unchanged at 0.75% as expected. Meanwhile, investors were looking ahead to the Fed’s monetary policy meeting on Wednesday, during which outgoing Fed chair Jerome Powell is widely expected to keep interest rates on hold.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,078.64

-7.71

-0.19

Hang Seng

25,679.78

-245.87

-0.95

Jakarta Composite

7,072.39

-34.13

-0.48

KLSE Composite

1,729.60

12.33

0.72

Nikkei 225

59,917.46

-619.90

-1.02

Straits Times

4,887.69

-5.04

-0.10

KOSPI Composite

6,641.02

25.99

0.39

Taiwan Weighted

39,521.73

-94.90

-0.24