The Asian markets closed mostly lower on Monday, while equity markets in China and Japan scaled their highest levels in more than two months. Yang Weimin, Vice Minister of the Office of the Central Leading Group on Financial and Economic Affairs stated that China is making 6.5% a floor or minimum level for annual economic growth in 2016 through 2020, adding that the figure would be a base for setting a target for the five-year period. Weimim added that the economic growth target has not been fixed yet, as that is an objective that needs to be approved by the National People’s Congress. Chinese Trade Balance rose to 61.64B, from 60.34B in the preceding month. Japan’s Average Cash Earnings rose to a seasonally adjusted 0.6%, from 0.4% in the preceding quarter whose figure was revised down from 0.5%. Taiwanese Trade Balance rose to a seasonally adjusted annual rate of 6.12B, from 5.25B in the preceding month. Malaysian Industrial Production rose to a seasonally adjusted annual rate of 5.1%, from 3.0% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,646.88 | 56.85 | 1.58 |
Hang Seng | 22,726.77 | -140.56 | -0.61 |
Jakarta Composite | 4,499.51 | -67.04 | -1.47 |
KLSE Composite | 1,686.11 | 0.41 | 0.02 |
Nikkei 225 | 19,642.74 | 377.14 | 1.96 |
Straits Times | 2,997.72 | -12.75 | -0.42 |
KOSPI Composite | 2,025.70 | -15.37 | -0.75 |
Taiwan Weighted | 8,642.48 | -51.09 | -0.59 |
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