Most of the Asian markets made a negative closing on Monday, with Japanese shares hurt by concerns about political and economic uncertainty in Europe. Worries related to Italy's banking sector deepened after Italian voters rejected constitutional reform in a referendum Sunday, triggering the resignation of Prime Minister Matteo Renzi who had staked his political career on the result. Chinese shares too ended lower after China's top securities regulator sharply criticized the practice of using borrowed funds to build stakes in companies. Investors ignored the latest survey from Caixin which showed growth in China's services sector accelerated to a 16-month high in November, while the latest survey from Nikkei revealed that the services sector in Japan continued to expand in November, and at a faster pace, with a PMI score of 51.8.
Asian Indices | Last Trade | Change in Points | Change in % | Shanghai Composite | 3,204.71 | -39.13 | -1.21 | Hang Seng | 22,505.55 | -59.27 | -0.26 | Jakarta Composite | 5,268.31 | 22.35 | 0.43 | KLSE Composite | 1,624.97 | 2.52 | 0.15 | Nikkei 225 | 18,274.99 | -151.09 | -0.82 | Straits Times | 2,943.05 | 23.68 | 0.81 | KOSPI Composite | 1,963.36 | -7.25 | -0.37 | Taiwan Weighted | 9,160.66 | -28.83 | -0.31 |
|
|
|
|
|
