MoneyWorks4Me

Asian markets end mostly in red on Monday

28 Dec 2015 Evaluate

Asian equity markets ended mostly in red on Monday, led by the biggest loss in a month for Chinese shares as industrial profits declined and a looming revamp of the nation's initial public offering system gave investors little reason for optimism. Data showed that profits earned by Chinese industrial companies in November fell 1.4 percent from a year earlier, marking a sixth consecutive month of decline, although the figures improved from October's 4.6 per cent fall. Hong Kong stocks too moved lower, driven by a slump in mainland shares on the first trading day after last week's Christmas holiday. However, Japanese stocks gained ground in subdued trading after a rebound in global crude oil prices helped offset disappointing November production and retail figures.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,533.78

-94.13

-2.59

Hang Seng

21,919.62

-218.51

-0.99

Jakarta Composite

4,557.35

34.70

0.77

KLSE Composite

1,670.73

7.22

0.43

Nikkei 225

18,873.35

104.29

0.56

Straits Times

2,875.32

-2.30

-0.08

KOSPI Composite

1,964.06

-26.59

-1.34

Taiwan Weighted

8,358.49

-4.79

-0.06

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