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MoneyWorks4Me

Asian markets end mostly lower on Monday

18 Apr 2016 Evaluate

Asian equity markets ended mostly lower on Monday, as oil prices tumbled after a summit of major oil producing nations in Doha failed to reach an agreement to freeze oil production. Some 18 oil-exporting nations, including OPEC members, had gathered in Doha, the capital of Qatar, over the weekend in an attempt to agree to stabilize output at January levels until October 2016. The pact fell apart after Saudi Arabia demanded that Iran join in. Japanese shares led regional losses due to a renewed surge of its currency and after two powerful earthquakes hit the country last week, killing at least 41 people and forcing major companies to curtail production.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,033.66 -44.46-1.44
Hang Seng21,161.50 -154.97-0.73
Jakarta Composite4,865.53 41.970.87
KLSE Composite1,717.68 -10.31-0.60
Nikkei 22516,275.95 -572.08-3.40
Straits Times2,917.75 -6.19-0.21
KOSPI Composite2,009.10 -5.61-0.28
Taiwan Weighted8,666.01 -34.38-0.40