Asian equity markets ended mostly in green on Monday despite thin trading volumes because of the Christmas holidays, with some major markets in the region still closed. Markets in Hong Kong, Singapore, Indonesia and Malaysia were closed. Chinese shares fell more than 1% in morning trading over concerns about Beijing’s monetary policy to deflate various risky asset bubbles, but rebounded and ended higher as investors turned their attention to increased government spending on infrastructure to boost the economy. Meanwhile, Japanese shares ended lower as the yen strengthened a bit and banking stocks continued to succumb to profit taking. A strong yen threatens to reduce profits exporters earn abroad.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,122.57 | 12.42 | 0.4 |
Hang Seng | - | - | - |
Jakarta Composite | - | - | - |
KLSE Composite | - | - | - |
Nikkei 225 | 19,396.64 | -31.03 | -0.16 |
Straits Times | - | - | - |
KOSPI Composite | 2,037.75 | 1.85 | 0.09 |
Taiwan Weighted | 9,110.54 | 31.9 | 0.35 |