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Asian markets end lower on Monday

02 Jul 2018 Evaluate

Asian equity markets ended lower on Monday as trade worries persisted, oil prices declined on supply worries, Chinese manufacturing data came in softer than expected and a resolution to Germany's government crisis proved elusive. Crude oil prices fell more than 1 percent in Asian trading after US President Donald Trump claimed that Saudi Arabia has agreed to raise oil production. Chinese shares ended lower after surveys showed deterioration in the outlook for Chinese manufacturing, adding to concerns over tighter government controls on lending. Further, Japanese shares hit 2-1/2-month lows as the dollar pared back gains against the yen ahead of a July 6 deadline when the United States is due to impose the tariffs on Chinese exports. A slump in China's stock market and weak data on manufacturer sentiment also forced investors to unwind long positions. Meanwhile, Hong Kong markets were closed for SAR Day holiday.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,775.77

-71.65

-2.58

Hang Seng

-

-

-

Jakarta Composite

5,746.77

-52.47

-0.91

KLSE Composite

1,685.05

-6.45

-0.38

Nikkei 225

21,811.93

-492.58

-2.26

Straits Times

3,238.94

-29.76

-0.92

KOSPI Composite

2,271.54

-54.59

-2.40

Taiwan Weighted

10,777.94

-58.97

-0.55

 
 

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