The Asian markets ended mostly in green on Monday, despite of downbeat session on Wall Street. Chinese Premier Li Keqiang stated that the country’s economy is facing considerable pressure due to the slowdown but the government has a host of policies to halt the slide. Growth in China’s fiscal revenue cooled to its slowest in at least a year between January and February as China’s foundering economy dampened tax collection and other key sources of government income. Fiscal revenue rose 3.2% to 2.57 trillion yuan ($410.5 billion) in the first two months of the year. That was far less than an average 8.6% gain in fiscal income seen in 2014, and the slackest pace seen in at least a year. China’s cooling housing sector, which accounts for about 15% of the Chinese gross domestic product, has been an increasing drag on the world’s second-biggest economy as a glut of unsold homes dampened home prices and property investment. Indonesian Trade Balance rose to a seasonally adjusted 0.74B, from 0.71B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,449.31 | 76.39 | 2.26 |
Hang Seng | 23,949.55 | 126.34 | 0.53 |
Jakarta Composite | 5,435.27 | 8.80 | 0.16 |
KLSE Composite | 1,780.54 | -1.21 | -0.07 |
Nikkei 225 | 19,246.06 | -8.19 | -0.04 |
Straits Times | 3,376.04 | 13.27 | 0.39 |
KOSPI Composite | 1,987.33 | 1.54 | 0.08 |
Taiwan Weighted | 9,512.91 | -66.44 | -0.69 |