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Asian markets end mostly in green on Monday

17 Oct 2016 Evaluate

Asian stocks ended mostly in green on Monday as a weakening yen aided market sentiment. Underlying sentiment remained somewhat cautious after global bond yields rose in the wake of comments from Federal Reserve Chair Janet Yellen on the economy. In a speech in Boston on Friday, Yellen offered an argument for running the US economy hot for a period to ensure moribund growth doesn't become an entrenched feature of the business landscape. Chinese shares fell the most in three weeks after a sudden bout of afternoon selling in dollar-denominated B shares amid weakness in the yuan, which hit a fresh six-year low against the greenback. Hong Kong shares drifted near 1-1/2-month lows, as a cautious mood prevailed ahead of a slew of China data this week that investors hope will paint a clearer picture of how the world's second largest economy is faring. Japanese shares eked out modest gains as the yen hovered near a three-week low against the dollar amid expectations of a US interest rate hike as early as December. Investors shrugged off a government report, which showed that Japan's industrial output rose less than initially estimated in August.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,041.17

-22.64

-0.74

Hang Seng

23,037.54

-195.77

-0.84

Jakarta Composite

5,410.30

10.42

0.19

KLSE Composite

1,653.71

-5.26

-0.32

Nikkei 225

16,900.12

43.75

0.26

Straits Times

2,817.07

1.83

0.07

KOSPI Composite

2,027.61

4.95

0.24

Taiwan Weighted

9,176.22

11.05

0.12

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