Asian equity markets ended mostly higher on Monday after the US Senate approved a budget blueprint that paves the way for tax cuts and Japanese Prime Minister Shinzo Abe's ruling Liberal Democratic Party scored a big win in the nationwide parliamentary election Sunday, paving the way for a continuation of loose monetary policy. Chinese shares finished marginally higher as home-price growth data disappointed investors and markets awaited cues from a key political congress. Further, Japanese shares rallied as the dollar hit a three-month high versus the yen following the weekend election victory for Shinzo Abe.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,380.70 | 2.05 | 0.06 |
Hang Seng | 28,305.88 | -181.36 | -0.64 |
Jakarta Composite | 5,950.03 | 20.48 | 0.35 |
KLSE Composite | 1,741.47 | 0.82 | 0.05 |
Nikkei 225 | 21,696.65 | 239.01 | 1.11 |
Straits Times | 3,349.80 | 9.07 | 0.27 |
KOSPI Composite | 2,490.05 | 0.51 | 0.02 |
Taiwan Weighted | 10,735.21 | 6.33 | 0.06 |