Asian equity markets ended mostly in red on Monday, although Japanese shares posted strong gains as a weaker yen bolstered exporter shares and GDP figures came in much better than expected. Japan's GDP expanded at an annualized 2.2 percent in the third quarter of 2016, beating forecasts for a gain of 0.8 percent as exports saw their fastest gain in a year. Japan's industrial production also climbed for the second successive month in September as BOJ Governor warned of risks to reach the 2 percent sustained inflation target. Investor sentiment remained subdued as commodities dipped and a slew of Chinese data painted a mixed picture of the world's second-largest economy. China's industrial output grew 6.1 percent year-over-year in October, unchanged from the previous month but below expectations for a 6.2 percent rise. Retail sales were up an annual 10 percent, while fixed-asset investment gained an annual 8.3 percent to beat forecasts.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,210.37 | 14.33 | 0.45 |
Hang Seng | 22,222.22 | -308.87 | -1.37 |
Jakarta Composite | 5,115.74 | -116.23 | -2.22 |
KLSE Composite | 1,616.64 | -17.55 | -1.07 |
Nikkei 225 | 17,672.62 | 297.83 | 1.71 |
Straits Times | 2,787.27 | -27.33 | -0.97 |
KOSPI Composite | 1,974.40 | -10.03 | -0.51 |
Taiwan Weighted | 8,940.40 | -17.36 | -0.19 |
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