Asian markets exhibited mixed trend on Monday. The US economy helped in maintaining enthusiasm for riskier assets while a weaker yen improved the outlook for some of Japanese companies. On the other side, rising oil prices dented the outlook for airlines, whose fortunes are closely linked to the cost of fuel. Taiwan’s EVA Airways fell 2.5 percent and Korean Air Lines Co. was down 2.4 percent.
Meanwhile, Japanese Nikkei share average rose for the fifth straight session, with investors scooping up straggling blue-chips as they sought further evidence of US economic recovery before pushing the index higher. While, Chinese Shanghai ended up 0.2 percent in see-saw trade on Monday, with strength in small-cap shares outweighing weakness in financial and property stocks. However, the main index for Hong Kong shares was in positive territory for most of the session, but closed 1 percent lower, dragged by Chinese banks on fears that loan growth could fall short of quarterly targets ahead of corporate earnings for the sector that start this week.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,410.18 | 5.45 | 0.23 |
Hang Seng | 21,115.29 | -202.56 | -0.95 |
Jakarta Composite | 4,024.73 | -3.80 | -0.09 |
KLSE Composite | 1,573.60 | 2.20 | 0.14 |
Nikkei 225 | 10,141.99 | 12.16 | 0.12 |
Straits Times | 2,990.09 | -20.59 | -0.68 |
Seoul Composite | 2,047.00 | 12.56 | 0.62 |
Taiwan Weighted | 8,043.92 | -11.02 | -0.14 |
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