Asian markets ended mostly in green on Monday, as investors weighed earnings reports and comments from central bankers for clues to monetary policy. China’s stocks fell, capping the benchmark index’s biggest loss in a week, as concern that new bank lending isn’t picking up. While the International Monetary Fund has urged China to curb its credit expansion, last month’s loan figures sparked investor concern that growth in the world’s second-largest economy will falter without monetary stimulus. Bank of Japan Governor Haruhiko Kuroda stated at the symposium that the nation’s monetary policy was having its intended effect and that central banks must fight deflation by any and all means. He added that Japan should consider using foreign workers to help mitigate labor-force shortages. Hong Kong Trade Balance rose to a seasonally adjusted -42.1B, from -43.1B in the preceding month. Malaysian Unemployment Rate fell to a seasonally adjusted 2.80%, from 2.90% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2229.27 | -11.54 | -0.51 |
Hang Seng | 25166.91 | 54.68 | 0.22 |
Jakarta Composite | 5184.96 | -13.94 | -0.27 |
KLSE Composite | 1862.31 | -8.68 | -0.46 |
Nikkei 225 | 15613.25 | 74.06 | 0.48 |
Straits Times | 3330.28 | 4.78 | 0.14 |
KOSPI Composite | 2060.89 | 4.19 | 0.20 |
Taiwan Weighted | 9390.62 | 10.52 | 0.11 |