Asian stock markets closed mixed on Tuesday as investors looked ahead to this week’s Federal Reserve meeting for assurance interest rates will be kept ultra-low.
Overnight, US stocks closed mixed as Dow Jones lost 60 points while Nasdaq gained almost 1% to close near all-time highs. Bond yields rose marginally to 1.56% even as oil prices see weakness with slowdown in consumption in India & China.
Asian markets opened mixed on Tuesday with profit booking seen across the board in most markets after a steller run up last week. The Japanese Nikkei has been lagging the Asian peer markets and continues to see consolidation while the Taiwan markets take off to hit new all-time highs.
Nikkei ended 134.34 points down. Korean Kospi and Australia ASX 200 also ended marginally lower. Hong Kong’s Hang Seng also struggled a bit. Markets in New Zealand and South East Asian were also lower.
Chinese stocks edged marginally higher with Shanghai Composite closing with 0.04% gains and Shenzhen advancing 0.28%. Taiwan also ended 0.13% higher on Tuesday.
SGX Nifty in Singapore and Nifty50 in India however bucked the trend to gain 0.91% and 1.02% respectively in the afternoon trade.
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