The Asian markets have made a mixed start though mostly are in green but few others are trading with cut of about a quarter percent. Optimism of stimulus measure from China after Premier Wen Jiabao said that the government will increase measures to support growth in the world’s second-largest economy has boosted sentiments. However, Wen Jiabo warned that economic growth isn’t yet in place and that “difficulties” may persist for a while. All the regional currencies too moved higher on hopes that Chinese measures to shore up growth will buoy appetite for riskier assets.
Shanghai Composite was down by 20.32 points or 0.93% to 2,165.57 and Taiwan Weighted lost 17.39 points or 0.23% to 7,088.10.
On the other hand, Hang Seng index was up by 25.86 points or 0.14% to 19,118.49, Jakarta Composite added 25.91 points or 0.64% to 4,045.59, KLSE Composite was up by 9.44 points or 0.58% to 1,635.74, Straits Times gained 5.16 points or 0.15% to 3,000.25 and Kospi Composite gained marginally by 0.08 points to 1,812.33.
The Japanese market remained closed on Monday for a public holiday.