Asian equity markets ended mostly higher on Monday amid improved risk appetite as fears about hurricane Irma have waned and North Korea refrained from launching more missiles at the weekend despite speculation that it would do so. The dollar clawed back losses as the United Nations prepared to vote on a new round of sanctions against North Korea. Gold retreated from a one-year high while oil edged higher after falling more than 3 percent on Friday. Oil was helped by reports that the production cut deal that OPEC, Russia, and several other producers agreed to late last year could be extended beyond March 2018. Japanese shares closed at their highest level in more than a week as the dollar recovered from a 10-month trough against the yen and data showed Japanese core machinery orders rose in July at the fastest pace since January 2016. Meanwhile, Chinese stocks closed on a steady note after August inflation data released over the weekend came in better than expected, mainly on account of higher material costs. The offshore Yuan declined after China's central bank reportedly scrapped reserve requirements on the trading of foreign-exchange forwards.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,376.42 | 11.18 | 0.33 |
Hang Seng | 27,955.13 | 286.66 | 1.04 |
Jakarta Composite | 5,871.88 | 14.76 | 0.25 |
KLSE Composite | 1,782.74 | 2.84 | 0.16 |
Nikkei 225 | 19,545.77 | 270.95 | 1.41 |
Straits Times | 3,228.51 | -0.05 | -- |
KOSPI Composite | 2,359.08 | 15.36 | 0.66 |
Taiwan Weighted | 10,572.16 | -37.79 | -0.36 |
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