The Asian markets made a mixed closing on Monday, though there was big gains in the mainland Chinese market with Shanghai Composite rising over 3% to hit a new 3-years high after fresh weak industrial-profit data added to pressure on policymakers to unveil more stimulus to boost growth. Chinese industrial firms fell 0.4 percent in March from a year earlier to 508.61 billion yuan ($82 billion), compared with a 4.2 percent fall in the first two months of the year, falling for the sixth straight month. Seoul market turned lower as renewed worries about Greece’s ability to pay its creditors prompted investors to lock in some profits at higher levels after recent sharp gains. Meanwhile, the Japanese market too moved lower on stronger yen and as caution set in ahead of central bank meetings this week in Japan and the United States. The weak economic data from US underlined concerns that the recovery is losing momentum. In other markets, Hang Seng and Taiwan Weighted ended in green, while the Jakarta Composite suffered sharp cut of around 3.5%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 4,527.40 | 133.71 | 3.04 |
Hang Seng | 28,433.59 | 372.61 | 1.33 |
Jakarta Composite | 5,245.45 | -189.91 | -3.49 |
KLSE Composite | 1,859.58 | -3.00 | -0.16 |
Nikkei 225 | 19,983.32 | -36.72 | -0.18 |
Straits Times | 3,515.85 | 2.85 | 0.08 |
KOSPI Composite | 2,157.54 | -2.26 | -0.10 |
Taiwan Weighted | 9,973.12 | 59.84 | 0.60 |
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