Asian markets closed higher on Monday, as speculation that global central banks will act to contain any Brexit effect on economic growth and fading expectations of a US rate increase this year underpinned a recovery in commodity prices. Chinese shares hit two-month high, with higher metal prices and hopes that Beijing will unleash more stimulus offering support. Japanese stocks gained, rising for a sixth day as global worries over Britain's vote to leave the European Union receded, but trading volume was extremely thin due to the Independence Day holiday in the US. Indonesian financial markets remained closed today for end-of-Ramadan celebrations.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,988.60 | 56.13 | 1.91 |
Hang Seng | 21,059.20 | 264.83 | 1.27 |
Jakarta Composite | - | - | - |
KLSE Composite | 1,654.84 | 8.62 | 0.52 |
Nikkei 225 | 15,775.80 | 93.32 | 0.60 |
Straits Times | 2,870.56 | 24.19 | 0.85 |
KOSPI Composite | 1,995.30 | 7.98 | 0.40 |
Taiwan Weighted | 8,760.58 | 22.34 | 0.26 |