Asian markets ended in green on Monday, with Chinese stocks trading in Hong Kong climbing the most in a week amid speculation as the central government is accelerating measures to support economic growth. This week is expected to be an important one for Chinese markets because the Communist Party gathers in Beijing for an important planning meeting. China is also expected to release third quarter GDP data scheduled on Tuesday and the Hong Kong and Shanghai stock exchanges are expected to launch a program allowing investors from both sides to access each other’s stocks, opening up a crucial channel for fresh capital flows. China’s central bank is planning the injection of about 200 billion yuan ($32.7 billion) into some national and regional lenders as Prime Minister Li Keqiang steps up stimulus to support economic growth. The injection comes after the central bank provided 500 billion yuan of liquidity to China’s five biggest banks last month.
Indonesian financial markets rose as Joko Widodo became the country’s seventh president, lifting optimism that he will guide the nation toward improving the economy and the public’s livelihood through reforms such as reducing costs on fuel subsidies. Hong Kong Unemployment Rate remained unchanged at a seasonally adjusted 3.3% compared to the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2356.73 | 15.54 | 0.66 |
Hang Seng | 23,070.26 | 47.05 | 0.20 |
Jakarta Composite | 5040.53 | 11.59 | 0.23 |
KLSE Composite | 1803.14 | 14.83 | 0.83 |
Nikkei 225 | 15,111.23 | 578.72 | 3.98 |
Straits Times | 3181.05 | 13.32 | 0.42 |
KOSPI Composite | 1930.06 | 29.40 | 1.55 |
Taiwan Weighted | 8663.14 | 150.26 | 1.77 |
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