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Asian markets end higher on Monday

08 Jan 2018 Evaluate

Asian equity markets ended in green on Monday even as trading volumes remained thin amid the ‘Coming of Age’ holiday in Japan. Global growth optimism underpinned sentiments as investors looked ahead to a slew of regional earnings later this week for directional cues. The dollar held steady above a recent 3-1/2-month low against a basket of currencies after US job growth fell well short of estimates in December, but a pick-up in monthly wage gains pointed to labor market strength, paving the way for more rate hikes in 2018. Chinese shares extended gains for the seventh straight session after the city of Lanzhou eased property curbs.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,409.48

17.73

0.52

Hang Seng

30,899.53

84.89

0.28

Jakarta Composite

6,385.40

31.67

0.50

KLSE Composite

1,832.15

14.18

0.78

Nikkei 225

-

-

-

Straits Times

3,512.18

22.73

0.65

KOSPI Composite

2,513.28

15.76

0.63

Taiwan Weighted

10,915.75

35.95

0.33