Asian markets settled mostly higher on Tuesday kindled by the optimistic view over the global economic recovery, prospects of better Sino-US relations and vaccine rollout. Investors' sentiment also improved ahead to the release of US President Joe Biden's infrastructure plans on Wednesday, which is approximately $3 -$4 Trillion. China's Shanghai soared on better than expected corporate earnings with major gains in energy and health care sectors. Stronger US dollars also appreciated more investments to the equity market. `Globally, banking and financial sector stocks were weighed down with the concerns over larger hedge fund defaulting on margin call.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,456.68 | 21.38 | 0.62 |
Hang Seng | 28,577.50 | 239.20 | 0.84 |
Jakarta Composite | 6,071.44 | -95.38 | -1.55 |
KLSE Composite | 1,609.19 | -2.09 | -0.13 |
Nikkei 225 | 29,432.70 | 48.18 | 0.16 |
Straits Times | 3,190.89 | 15.32 | 0.48 |
KOSPI Composite | 3,070.00 | 33.96 | 1.12 |
Taiwan Weighted | 16,554.90 | 78.93 | 0.48 |