Asian markets settled mostly lower on Tuesday following tech sell-off on Wall Street overnight with worries about accelerating US inflation. Japanese shares ended lower amid concerns surrounding the nation's worsening situation of the corona-virus pandemic, while domestic firms’ lacklustre corporate earnings also adding downward pressure on market sentiments. Hong Kong shares declined as factory-gate inflation in mainland China fuelled concerns about tightening monetary policy. Reports showed Chinese consumer prices in April jumped 0.9 percent from a year ago, slightly missing the 1 percent forecast. However, the producer price index surged 6.8 percent and well above forecast of 6.5 percent.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,441.85 | 13.86 | 0.40 |
Hang Seng | 28,013.81 | -581.85 | -2.03 |
Jakarta Composite | 5,938.35 | -37.44 | -0.63 |
KLSE Composite | 1,577.64 | -6.28 | -0.40 |
Nikkei 225 | 28,608.59 | -909.75 | -3.08 |
Straits Times | 3,140.20 | -42.21 | -1.33 |
KOSPI Composite | 3,209.43 | -39.87 | -1.23 |
Taiwan Weighted | 16,583.13 | -652.48 | -3.79 |