Asian stocks ended mostly in red on Monday, following steep losses on Wall Street on Friday, after a strong jobs report for January helped to fuel expectations that the Federal Reserve will lift borrowing costs more than the three times initially expected this year. The report showed that non-farm payroll employment surged up by 200,000 jobs in January after climbing by an upwardly revised 160,000 jobs in December. Japanese shares followed regional peers lower, with selling seen across the board. Though, Chinese shares bucked the weak regional trend to end notably higher after data showed that China's private sector activity expanded at the fastest pace in seven years in January, driven by accelerated rates of activity growth across both manufacturing and services. The Caixin composite PMI rose to 53.7 from 53.0 in December.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,487.50 | 25.42 | 0.73 |
Hang Seng | 32,245.22 | -356.56 | -1.09 |
Jakarta Composite | 6,589.68 | -39.15 | -0.59 |
KLSE Composite | 1,853.07 | -17.41 | -0.93 |
Nikkei 225 | 22,682.08 | -592.45 | -2.55 |
Straits Times | 3,482.93 | -46.89 | -1.33 |
KOSPI Composite | 2,491.75 | -33.64 | -1.33 |
Taiwan Weighted | 10,946.25 | -179.98 | -1.62 |
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