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Asian markets end mixed on Monday

23 Mar 2015 Evaluate

The Asian markets closed mixed on Monday, with Chinese markets touching fresh multi-year highs in early trades. Bank of Japan Governor Haruhiko Kuroda stated that he told Prime Minister Shinzo Abe that inflation is slowing due to a decline in oil prices but there is no change in the long-term rising trend for consumer prices as the economy improves. Kuroda added that he also told Abe that the economy remains on a gradual recovery path. The meeting occurred at a time when slowing inflation is testing the BOJ’s ability to meet its 2 percent consumer price growth target, and raising questions about whether additional monetary easing is needed later this year to keep prices on track. Taiwanese Industrial Production fell to a seasonally adjusted annual rate of 3.32%, from 8.14% in the preceding month.

     Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,687.73

70.41

1.95

Hang Seng

24,494.51

119.27

0.49

Jakarta Composite

5,437.10

-5.97

-0.11

KLSE Composite

1,795.85

-7.80

-0.43

Nikkei 225

19,754.36

194.14

0.99

Straits Times

3,410.13

-2.31

-0.07

KOSPI Composite

2,036.59

-0.65

-0.03

Taiwan Weighted

9,758.09

8.40

0.09

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