Skip to main content

MoneyWorks4Me

Asian markets close mostly in green on Monday

07 Dec 2015 Evaluate

Asian equity markets ended mostly in green on Monday following a positive US jobs report which showed that 211,000 jobs were created by the US economy in November beat market expectations, which cleared the way for the US Federal Reserve to raise interest rates next week for the first time since 2006. Although some gains were tempered by low oil prices and caution ahead of a slew of Chinese data due this week. Japanese market rallied as a weaker yen bolstered exporters' shares. China stocks edged up, with investors rotating from property companies back into tech and healthcare, sectors that Beijing hopes will be new engines of growth. A slew of data in coming weeks including trade data, consumer and producer price indexes, industrial production and retail sales are likely to show China's economic performance remains sluggish, reinforcing expectations that Beijing will implement more stimulus measures in coming months. Hong Kong shares ended fractionally lower, led by a tumble in energy heavyweights as investors worried about persistent weakness in oil prices.

Asian IndicesLast Trade         Change in Points

Change in %

Shanghai Composite3,536.9311.940.34
Hang Seng22,203.22-32.67-0.15
Jakarta Composite4,521.3912.940.29
KLSE Composite1,672.004.130.25
Nikkei 22519,698.15193.670.99
Straits Times2,900.92 21.870.76
KOSPI Composite1,963.67-10.73-0.54
Taiwan Weighted8,454.27 55.670.66