Asian markets closed mostly in green on Monday as oil prices climbed and the Federal Reserve's monetary policy report released on Friday suggested a gradual pace of interest rate hikes in 2018. US bond yields declined from recent four-year highs as investors awaited US inflation data and the first House testimony by the new head of the Federal Reserve for further insight on inflation and interest rates. Japanese shares rallied on the back of sharp rises in US stocks on Friday. Further, Chinese shares ended higher, with major indexes climbing for a sixth session in a row, led by start-ups which saw their best day in seven months on expectations they will benefit from a proposal to delay reforms for initial public offerings (IPOs). Market participants were also keeping a close watch on the impact of certain amendments in the wording of China’s constitution.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,329.57 | 40.55 | 1.23 |
Hang Seng | 31,498.60 | 231.43 | 0.74 |
Jakarta Composite | 6,554.67 | -65.13 | -0.98 |
KLSE Composite | 1,860.08 | -1.42 | -0.08 |
Nikkei 225 | 22,153.63 | 260.85 | 1.19 |
Straits Times | 3,555.85 | 22.63 | 0.64 |
KOSPI Composite | 2,457.65 | 6.13 | 0.25 |
Taiwan Weighted | 10,836.70 | 42.15 | 0.39 |
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