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Asian markets exhibit mixed trend on Monday

29 Oct 2018 Evaluate

Asian markets ended mixed on Monday, with Chinese stocks leading the declines and settled with a cut of over tow percent, amid worries about U.S.-China trade relations and the health of the tech sector on Wall Street. Moreover, Chinese data over the weekend underscored worries of a cooling economy as profit growth at its industrial firms slowed for the fifth consecutive month in September as sales of raw materials and manufactured goods ebbed. Japanese shares too closed lower amid recent heavy falls in both US and Chinese stock markets. On the economic front, Japan’s retail sales dropped for the first time in four months in September, a government report showed. Retail sales fell 0.2 percent month-on-month, in line with expectations but reversed a 0.9 percent rise in August.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,542.10

-56.75

-2.23

Hang Seng

24,812.04

94.41

0.38

Jakarta Composite

5,754.61

-30.31

-0.53

KLSE Composite

1,683.73

0.67

0.04

Nikkei 225

21,149.80

-34.80

-0.16

Straits Times

2,981.54

9.52

0.32

KOSPI Composite

1,996.05

-31.10

-1.56

Taiwan Weighted

9,516.32

27.14

0.29

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