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MoneyWorks4Me

Asian markets end mostly higher on Monday

22 Feb 2016 Evaluate

Asian markets ended mostly higher on Monday, extending last week's advance, as the yen weakened after the release of disappointing manufacturing data, oil prices stabilized and investors welcomed news over the weekend that China's top securities regulator has been replaced. China stocks ended higher, led by property and resources shares, as investors welcomed Beijing's decision to replace the top securities regulator and on signs the government was stepping up its economic stimulus efforts. China removed the head of its securities regulator, Xiao Gang, and replaced him with Liu Shiyu, a veteran of China's central bank and chairman of Agricultural Bank of China, to oversee the world's second-largest stock market in the wake of last summer's slump that saw Xiao blamed for mismanagement. Japanese shares reversed early declines, as the yen's retreat helped investors shrug off disappointing manufacturing data. Activity in Japan's manufacturing activity slowed sharply in February as new export orders contracted at the fastest pace in three years, a preliminary report from Nikkei revealed with a PMI score of 50.2, down from January's final reading of 52.3.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,927.18 67.152.35
Hang Seng19,464.09 178.590.93
Jakarta Composite4,708.62 11.060.24
KLSE Composite1,674.59-0.29-0.02
Nikkei 22516,111.05 143.880.90
Straits Times2,660.65 3.780.14
KOSPI Composite1,916.36 0.120.01
Taiwan Weighted8,326.68 1.640.02