Skip to main content

MoneyWorks4Me

Asian markets end mostly lower on Monday

29 Feb 2016 Evaluate

Asian markets ended mostly lower on Monday, after a weekend meeting of G20 policymakers ended with no new coordinated action to spur global growth and as solid US data revived expectation of the Federal Reserve further raising rates before year-end. Chinese shares closed at one-month lows as some investors were disappointed by a lack of specific measures to boost growth during the Group of 20 meetings in Shanghai. Concerns over capital flows as China's central bank guided the yuan to its weakest level in three weeks, too weighed on Chinese shares. Japanese shares ended sharply lower as the dollar took a breather against the yen following Friday's steep climb on the back of upbeat US data. Economic reports painted a mixed picture, with Japan's industrial output rising for the first time in three months in January and housing starts figures coming in above forecasts, while retail sales fell slightly more than expected last month.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,687.98 -79.23-2.86
Hang Seng19,111.93 -252.22-1.30
Jakarta Composite4,770.96 37.810.80
KLSE Composite1,654.75 -8.69-0.52
Nikkei 22516,026.76 -161.65 -1.00
Straits Times2,666.51 17.130.65
KOSPI Composite1,916.66 -3.50-0.18
Taiwan Weighted---