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07-Aug2018

Asian markets end mostly in green on Tuesday

Asian equity markets ended mostly in green on Tuesday, with upbeat corporate earnings results from the United States. Though, some gains were capped by ongoing concerns about the simmering trade war between China and the United States. Meanwhile, Iranian President Hassan Rouhani dismissed calls for talks with the US as the first phase of sanctions came into effect overnight. Rouhani said that America 'cannot be trusted' and wants to 'create chaos in Iran'. Chinese shares bounced back on bargain hunting after recent steep losses on concerns about the impact of trade war on businesses. Further, Japanese shares ended higher as Chinese markets rebounded and heavyweight SoftBank posted strong first-quarter results.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,779.30

74.14

2.67

Hang Seng

28,248.88

429.32

1.52

Jakarta Composite

6,091.25

-9.88

-0.16

KLSE Composite

1,791.09

11.34

0.64

Nikkei 225

22,662.74

155.42

0.69

Straits Times

3,340.00

54.66

1.64

KOSPI Composite

2,300.16

13.66

0.59

Taiwan Weighted

10,983.44

-40.66

-0.37


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