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Asian markets end higher on Monday

04 Jul 2016 Evaluate

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 56.131.91

Hang Seng

21,059.20 264.831.27

Jakarta Composite

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KLSE Composite

1,654.84 8.620.52

Nikkei 225

15,775.80 93.320.60

Straits Times

2,870.56 24.190.85

KOSPI Composite

1,995.30 7.980.40

Taiwan Weighted

8,760.58 22.340.26