Asian stocks closed in green on Monday as the focus turned to the upcoming earnings season in the US. While trade rhetoric continued between the US and China, investors looked ahead to the release of US and Chinese inflation data as well as comments from the US Federal Reserve, European Central Bank and the Bank of Japan for directional cues. Chinese shares ended higher as investors awaited Chinese President Xi Jinping's Tuesday speech at the Boao Forum for directional cues. Also, Hong Kong shares rose on hopes that China and the United States will eventually reach a deal to avert a trade war, even as Beijing repeated that it was impossible for negotiations to take place under current conditions. Furthermore, Japanese shares reversed initial losses to end higher as the dollar pushed higher against the yen and traders awaited Bank of Japan governor Haruhiko Kuroda's speech later in the day as he starts his second term.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,138.29 | 7.18 | 0.23 |
Hang Seng | 30,229.58 | 384.64 | 1.29 |
Jakarta Composite | 6,246.13 | 71.08 | 1.15 |
KLSE Composite | 1,849.71 | 12.70 | 0.69 |
Nikkei 225 | 21,678.26 | 110.74 | 0.51 |
Straits Times | 3,449.96 | 7.46 | 0.22 |
KOSPI Composite | 2,444.08 | 14.50 | 0.60 |
Taiwan Weighted | 10,893.53 | 72.00 | 0.67 |
