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 |