Skip to main content

MoneyWorks4Me

Asian markets end in green on Monday

25 Jan 2016 Evaluate

Asian equity markets ended in green on Monday, as oil prices rose above $32 a barrel after the onset of a massive snowstorm on the US East Coast and Chinese shares began the week on a firm note amid indications that the Chinese government will hold the yuan steady for long. Investors also took heart from a rally on Wall Street Friday that helped US stocks notch their first week of gains in a month. Japan shares ended higher after a sharp rebound in crude oil prices helped global market sentiment, despite a firmer yen and the latest trade figures showing exports falling for a third straight month. The country's exports fell by 8% in December from a year earlier, steeper than estimates for a 7% decline and the biggest drop since 2012. Imports lost 18%, compared with expectations for a 16.4% decline as energy imports fell on cheaper oil prices. The markets in Malaysia are closed today in observance of Thaipusam Day.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,938.51 21.950.75
Hang Seng19,340.14259.631.36
Jakarta Composite4,505.79 49.041.10
KLSE Composite---
Nikkei 22517,110.91152.380.90
Straits Times2,582.64 5.550.22
KOSPI Composite1,893.4314.000.74
Taiwan Weighted7,894.15 137.971.78