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Asian markets end mostly lower on Monday

28 Mar 2016 Evaluate

Asian equity markets ended mostly lower on Monday as heightened expectations of another US rate hike in April tempered the initial optimism over higher oil prices and better-than-expected US GDP data for the October-December period. The world's largest economy grew at an annual rate of 1.4 percent in the last three months of 2015, compared to the second estimate of 1 percent. Trading volumes remained thin as Hong Kong remained closed for the Easter Monday holiday. Chinese shares surrendered early gains to end slightly lower, as losses in realty shares on reports of increased regulatory scrutiny of financing risk in the property market overshadowed initial optimism over the economy triggered by encouraging industrial profit data released over the weekend. But Japanese shares bucked the trend to finish higher as renewed weakness in the yen lifted shares of export-oriented companies.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,957.82 -21.61-0.73
Hang Seng---
Jakarta Composite4,773.63 -53.46-1.11
KLSE Composite1,702.41 -1.38-0.08
Nikkei 22517,134.37 131.620.77
Straits Times2,830.29 -17.10-0.60
KOSPI Composite1,982.54 -1.27-0.06
Taiwan Weighted8,690.45 -14.52-0.17

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