News

Asian markets end mostly higher on Tuesday

Japanese market was closed on account of Emperor's Birthday

Asian markets ended mostly higher on Tuesday as optimism of more US fiscal stimulus boosted hopes for a faster economic recovery globally, but prospects of rising inflation and valuation concerns put some pressure on market sentiment. Investors will be watching for any changes to the US Federal Reserve’s dovish outlook from Chairman Jerome Powell when he speaks before the Senate Banking Committee later in the day. Chinese shares ended marginally lower as policy tightening concerns persisted. China's central bank PCOB said it would prioritize policy stability and avoid making sudden shifts, while providing the support needed for a continued economic recovery in 2021. Meanwhile, Japanese market was closed on account of Emperor's Birthday.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,636.36
-6.08
-0.17

Hang Seng

30,632.64
312.81
1.03

Jakarta Composite

6,272.81
17.50
0.28

KLSE Composite

1,565.05

-5.41

-0.34

Nikkei 225

30,156.03
138.11
0.46

Straits Times

2,890.70

9.49

0.33

KOSPI Composite

3,070.09
-9.66
-0.31

Taiwan Weighted

16,443.40
33.24
0.20