Asian equity markets ended mostly in red on Monday, as investor caution grew before a news conference by President-elect Donald Trump on Wednesday, where his views on tax reform, infrastructure spending and China trade will come under close scrutiny. With China's yuan resuming its downward slide and oil prices edging lower in Asian deals on a stronger dollar amid renewed doubts about touted production cuts, investors were wary of making any big moves. The dollar stood tall against rivals after the latest US jobs report showed the 75th straight month of job growth, keeping the Federal Reserve on track to raise interest rates as much as three times this year. Friday’s Labor Department report painted a mixed picture of US employment. It showed that companies added a solid but slightly disappointing 156,000 jobs in December. On the other hand, hourly pay jumped 2.9 percent from the year before, which was the biggest monthly increase in seven years. For 2016 overall, job growth in the world’s biggest economy remained steady in 2016, although the pace was slower than in 2015. Meanwhile, Chinese shares ended higher, led by defense stocks as more central state-owned enterprises (SOEs) mulled plans to push mixed-ownership reforms. The Japanese markets were closed for the 'Coming of Age Day' holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,171.24 | 16.92 | 0.54 |
Hang Seng | 22,558.69 | 55.68 | 0.25 |
Jakarta Composite | 5,316.36 | -30.66 | -0.57 |
KLSE Composite | 1,667.90 | -7.59 | -0.45 |
Nikkei 225 | - | - | - |
Straits Times | 2,981.54 | 18.91 | 0.64 |
KOSPI Composite | 2,048.78 | -0.34 | -0.02 |
Taiwan Weighted | 9,342.42 | -29.80 | -0.32 |
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