After fall massively last week, sentiments turned bullish in the Asian region and most of the Asian counters snapped the day’s trade in the positive terrain on Monday after G-8 leaders avowed that they want Greece to continue in the euro-zone moreover, Chinese Premier Wen Jiabao comment that China will focus more on bolstering economic growth too aided the sentiments. It also led the Chinese shares end higher by 0.2 percent.
Moreover, Seoul shares bounced back on bargain-hunting, up by a percent after sharp falls in the previous few sessions, with global jitters partially soothed by a pledge from world leaders to try to keep Greece in the euro zone while, Japanese shares closed marginally in the positive with the headline Nikkei index staging a small rally after tumbling last week on euro-zone worries. However, Hong Kong shares edged lower for a fourth straight session on Monday in dismal turnover, dragged down by weakness in HSBC Holdings Plc, Europe’s largest bank, as investors await details of a pledge by global leaders over the weekend to keep Greece in the euro zone.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,348.30 | 3.78 | 0.16 |
Hang Seng | 18,922.32 | -29.53 | -0.16 |
Jakarta Composite | 3,940.11 | -40.39 | -1.01 |
KLSE Composite | 1,538.91 | 6.45 | 0.42 |
Nikkei 225 | 8,633.89 | 22.58 | 0.26 |
Straits Times | 2,2790.16 | 11.06 | 0.40 |
KOSPI Composite | 1,799.13 | 16.67 | 0.94 |
Taiwan Weighted | 7,192.23 | 41.01 | 0.57 |