The Asian markets closed mostly lower on Monday as investors awaited key global policy and data events this week, including monetary policy meeting of the European Central Bank. Shanghai Composite rose modestly in volatile trade after posting their worst weekly performance since August last week on news of investigations into three major Chinese brokerages over suspected securities violations. Stocks in Hong Kong though tumbled ahead of an IMF decision to include the Chinese yuan in its Special Drawing Rights reserve currency later in the day and China's November PMI readings due on Tuesday. Japanese shares eased after a slew of data painted a mixed picture of the world's third largest economy. Japan's factory output rose 1.4% in October from a month ago, marking the second consecutive monthly rise, although the figure fell short of forecasts. Separate data showed retail sales rose 1.8 percent in the year to October, more than a 0.8 percent annual gain expected. Seoul shares too fell, pressured by a tumble in Chinese markets the previous session and data showing a surprise drop in industrial output.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,445.40 | 9.10 | 0.26 |
Hang Seng | 21996.42 | -71.90 | -0.33 |
Jakarta Composite | 4,446.46 | -114.10 | -2.50 |
KLSE Composite | 1,672.16 | -10.43 | -0.62 |
Nikkei 225 | 19,747.47 | -136.47 | -0.69 |
Straits Times | 2,855.94 | -3.18 | -0.11 |
KOSPI Composite | 1,991.97 | -37.02 | -1.82 |
Taiwan Weighted | 8,320.61 | -77.79 | -0.93 |
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