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MoneyWorks4Me

Asian markets end in red on Monday

11 Jan 2016 Evaluate

Asian equity markets ended in deep red on Monday after more weak data reignited concerns about China's economy following a global stocks rout at the start of the year. Chinese shares ended down at their lowest since September, following data released over the weekend showed producer prices fell for a record 46th month and inflation remained muted at about half the government's target for 2015 in December, stirring concerns over a slowing economy. China guided its yuan currency stronger for a second straight session, adding to market confusion over what the central bank is trying to achieve. Seoul shares fell sharply on foreign fund selling after oil prices came under fresh selling pressure and Samsung Electronics indicated it may be due for another profit drop in 2016. The Japanese market was closed in observance of Coming of Age Day.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,016.70 -169.71-5.33
Hang Seng19,888.50-565.21-2.76
Jakarta Composite4,465.48-80.81-1.78
KLSE Composite1,637.59-20.02-1.21
Nikkei 225---
Straits Times2,708.85 -42.38-1.54
KOSPI Composite1,894.84-22.78-1.19
Taiwan Weighted7,788.42 -105.55-1.34