Asian markets end mostly in green on Monday

28 Nov 2016 Evaluate

Most of the Asian markets made a positive closing on Monday, though there was some cautiousness too ahead of the OPEC meeting and after Saudi Arabia backed out of the non-OPEC meeting. Chinese market surged to an 11-month high, on upbeat industrial profits data for October that bolstered optimism that China's economic growth is possibly bottoming out. The Hong Kong market too posted gains of about half a percent after China and Hong Kong securities regulators approved the launch of Shenzhen-Hong Kong Stock Connect. On the other hand the Japanese market snapped a seven-session winning streak, with a strengthening yen and lower prices weighing on markets. Though, some late hour strength in dollar led to recovery in the index.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,277.00	15.06	0.46
Hang Seng	22,830.57	107.12	0.47
Jakarta Composite	5,114.57	-7.53	-0.15
KLSE Composite	1,628.66	1.40	0.09
Nikkei 225	18,356.89	-24.33	-0.13
Straits Times	2,874.65	15.32	0.54
KOSPI Composite	1,978.13	3.67	0.19
Taiwan Weighted	9,222.24	63.17	0.69

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Asian markets end mostly in green on Monday

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