Asian markets ended mostly in red on Monday amid trade worries after U.S. President Donald Trump threatened to slap tariffs on all of the Chinese goods imported into the United States. A report showed China’s trade surplus with the U.S. widened to a record in August, adding to the trade tensions. While a strong U.S. jobs report supported the dollar, oil prices rose after data showed U.S. energy companies cut two oil rigs last week. Bucking the trend, Japanese shares ended higher, as upbeat revised GDP data and a slightly weaker yen helped investors shrug off trade worries. Japan’s gross domestic product climbed an annual 3.0 percent in the second quarter of 2018. That beat forecasts for 2.6 percent and was up from the previous reading of 1.9 percent. On an annualized seasonally adjusted basis, GDP added 0.7 percent - unchanged and in line with expectations.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,669.49 | -32.81 | -1.23 |
Hang Seng | 26,613.42 | -360.05 | -1.35 |
Jakarta Composite | 5,831.12 | -20.35 | -0.35 |
KLSE Composite | - | - | - |
Nikkei 225 | 22,373.09 | 66.03 | 0.30 |
Straits Times | 3,120.92 | -13.47 | -0.43 |
KOSPI Composite | 2,288.66 | 7.08 | 0.31 |
Taiwan Weighted | 10,725.80 | -121.19 | -1.13 |
