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Asian markets end mostly higher on Monday

21 May 2018 Evaluate

Asian equity markets ended mostly higher on Monday after the US and China agreed to put the trade war on hold and set up a framework for addressing trade imbalances in the future. Chinese stocks rose after the US and China made meaningful progress in two days of high-level talks. Japanese shares ended higher as the dollars’ rise against the yen supported some exporters after news of easing US-China trade tensions. Further, a solid trade balance data also helped lift Japanese shares. Japan posted a merchandise trade surplus of 625.977 billion yen in April, the Ministry of Finance said - up 30.9 percent on year. The headline figure exceeded expectations for a surplus of 440.0 billion yen following the downwardly revised 797.0 billion yen surplus in March (originally 797.3 billion yen).

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,213.84

20.54

0.64

Hang Seng

31,234.35

186.44

0.60

Jakarta Composite

5,733.86

-49.45

-0.86

KLSE Composite

1,853.58

-0.92

-0.05

Nikkei 225

23,002.37

72.01

0.31

Straits Times

3,548.23

18.96

0.54

KOSPI Composite

2,465.57

4.92

0.20

Taiwan Weighted

10,966.20

135.36

1.25

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