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Asian markets ended mostly in green on Monday

02 Apr 2012 Evaluate

The Asian markets made mostly green closing on Monday, starting the new quarter with gain. It was the report that China’s Purchasing Managers’ Index climbed to a one-year high of 53.1 in the month of March from 51 the previous month, which lifted the sentiments in the region. Adding to that there were some upbeat earnings report supporting the markets today, China Railway Construction and China Railway Group, the nation’s two biggest listed builders reported report higher-than-expected profits. The South Korean index Kospi advanced was one of the top performer in the region after the country’s credit rating outlook was raised by Moody’s Investors Service. The ratings agency cited the nation’s fiscal strength and increased resilience to market turmoil in a statement today.

However, Hong Kong’s stock exchange Hang Seng was a bit under selling pressure from the developers after the Chinese government said it will continue to stabilize prices. Taiwanese index lost considerably and was the laggard of the day.

Stock market in China remained closed for public holiday and will reopen on Thursday.

Asian Indices

Last Trade

Change in Points

Change in %

Hang Seng

20,522.26

-33.32

-0.16

Jakarta Composite

4,166.07

44.52

1.08

KLSE Composite

1,603.78

7.45

0.47

Nikkei 225

10,109.87

26.31

0.26

Straits Times

3,016.07

5.61

0.19

Seoul Composite

2,029.29

15.25

0.76

Taiwan Weighted

7,862.90

-70.10

-0.88

Shanghai Composite

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