Asian equity markets ended mostly in green on Monday, although the yuan's weakness as well as the dollar's continued strength against the yen supported shares in China and Japan. Chinese stocks rose to a fresh 10-month high led by blue-chips, but gains were limited as some investors remained sceptical that the uptrend could extend further. Meanwhile, Japan's Nikkei rose gaining for a fourth day after a further weakening in the yen boosted overall sentiment, while mining stocks staged a rally thanks to rising oil prices. Though, Seoul shares retreated on institutional selling on expectations of faster-than-expected Federal Reserve interest rate increases.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,218.15 | 25.29 | 0.79 |
Hang Seng | 22,357.78 | 13.57 | 0.06 |
Jakarta Composite | 5,148.32 | -21.79 | -0.42 |
KLSE Composite | 1,627.28 | 3.48 | 0.21 |
Nikkei 225 | 18,106.02 | 138.61 | 0.77 |
Straits Times | 2,816.67 | -21.98 | -0.77 |
KOSPI Composite | 1,966.05 | -8.53 | -0.43 |
Taiwan Weighted | 9,041.11 | 32.32 | 0.36 |