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Asian Market Update

Tuesday 24 March 2015


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Asian equity markets turned lower on Tuesday after a gauge of Chinese manufacturing plunged to an 11-month low in March, while the euro was boosted by hopes of a breakthrough in Greece's bailout talks with Germany.

Comments from the US Federal Reserve's vice chairman suggesting interest rates would rise slower than expected put further downward pressure on the dollar.

Shanghai - which rose Monday for a ninth straight session to a near seven year high - sank 0.60 per cent, while Hong Kong lost 0.33 per cent.

Tokyo shed 0.19 per cent and Seoul was 0.11 per cent lower. Sydney was flat.


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