Asian equity markets closed mostly higher on Monday, although Japanese shares fell sharply to hit a 3-1/2-month low following a holiday weekend and as tension between the United States and North Korea prompted investors to shed riskier assets. Concerns over a rising yen too kept Japanese shares under selling pressure. While upbeat Japanese GDP data, deteriorating Fed rate expectations and easing geopolitical concerns helped spur some bargain hunting after last week's steep losses, lower oil prices and disappointing Chinese data kept a lid on overall gains in the region. China's industrial production growth eased at a faster-than-expected pace in July, official data from the National Bureau of Statistics showed. Industrial production climbed 6.4 percent year-over-year in July, slower than the 7.6 percent spike in June. Economists had expected the growth to moderate to 7.1 percent. Retail sales advanced 10.4 percent annually in July, following an 11.0 percent surge in the prior month. The expected rate of growth for the month was 10.8 percent. Fixed asset investment grew at a slightly slower pace of 8.3 percent in July from a year ago, after an 8.6 percent hike in June.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,237.36 | 28.82 | 0.90 |
Hang Seng | 27,250.23 | 366.72 | 1.36 |
Jakarta Composite | 5,801.49 | 35.35 | 0.61 |
KLSE Composite | 1,771.08 | 4.12 | 0.23 |
Nikkei 225 | 19,537.10 | -192.64 | -0.98 |
Straits Times | 3,308.69 | 28.97 | 0.88 |
KOSPI Composite | 2,334.22 | 14.51 | 0.63 |
Taiwan Weighted | 10,225.28 | -104.29 | -1.01 |
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