The Asian markets made a mixed closing on Monday, as oil prices retreated on doubts over oil producers reaching a meaningful output cut deal, which brought some speculators to unwind bullish bets. However, losses across the region remained capped somewhat after Friday's weaker non-farm payrolls report reinforced expectations that the Federal Reserve will not raise short-term interest rates at its November policy meeting. US non-farm payroll employment climbed by 156,000 jobs in September compared to estimates for an increase of about 176,000 jobs. The unemployment rate rose to 5 percent from 4.9 percent. Chinese shares ended higher as investors returned from a week-long holiday, even as property developers tumbled amid fresh curbs on property purchases. Markets in Japan, Hong Kong and Taiwan were closed for public holidays.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,048.14 | 43.44 | 1.45 |
Hang Seng | - | - | - |
Jakarta Composite | 5,360.83 | -16.32 | -0.30 |
KLSE Composite | 1,665.32 | -0.06 | -- |
Nikkei 225 | - | - | - |
Straits Times | 2,870.24 | -5.00 | -0.17 |
KOSPI Composite | 2,056.82 | 3.02 | 0.15 |
Taiwan Weighted | - | - | - |