The Asian equity markets ended in green on Monday, with the Indonesian index extending gains for a sixth-day due to optimism about economic stimulus. Japan stock exchange was closed on account of ‘Health-Sports Day’ holiday. Indonesia President Joko Widodo has last week announced the third installment of his ambitious economic stimulus package, cutting energy prices and offering concessions to business in an attempt to kick-start growth in Southeast Asia’s largest economy. The deputy governor of the People’s Bank of China told an annual meeting of the International Monetary Fund and World Bank in Peru that China’s stock market has experienced several rounds of corrections. The governor added that the corrections have had limited direct impact on China’s economy as Beijing has taken a series of measures to avoid systemic risks. Meanwhile, investors also seem to be betting on the possibility of further stimulus measures when Beijing meets later this month to discuss the 13th five-year plan. Malaysian Industrial Production fell to a seasonally adjusted annual rate of 3.0%, from 6.1% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,287.66 | 104.51 | 3.28 |
Hang Seng | 22,730.93 | 272.13 | 1.21 |
Jakarta Composite | 4,630.71 | 41.36 | 0.90 |
KLSE Composite | 1.709.86 | 3.32 | 0.19 |
Nikkei 225 | - | - | - |
Straits Times | 3,032.11 | 33.61 | 1.12 |
KOSPI Composite | 2,021.63 | 2.10 | 0.10 |
Taiwan Weighted | 8,573.72 | 127.76 | 1.51 |