Asian markets ended mostly higher on Monday, despite remarks from US Vice President Mike Spence at the Asia Pacific Economic Co-operation summit on Saturday which added to anxiety over the Sino-US trade spat. Pence said the US would not back down from its trade dispute until China changes its ways. The stark warning dampened investor hopes for a thaw in the Sino-US dispute on the eve of the G20 summit later this month in Argentina. Comments from two US Federal Reserve officials cautioning about global economic growth and a CIA report concluding that Saudi Arabia's powerful Crown Prince Mohammed bin Salman was behind the killing of journalist Jamal Khashoggi also kept investors nervous. However, Chinese shares ended higher, helped by gains in financials and property developers. While, Japanese shares rebounded from last week's selloff, with chip-related stocks outperforming.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,703.51 | 24.40 | 0.90 |
Hang Seng | 26,372.00 | 188.47 | 0.71 |
Jakarta Composite | 6,005.30 | -7.05 | -0.12 |
KLSE Composite | 1,710.71 | 4.33 | 0.25 |
Nikkei 225 | 21,821.16 | 140.82 | 0.65 |
Straits Times | 3,065.07 | -18.53 | -0.60 |
KOSPI Composite | 2,100.56 | 8.16 | 0.39 |
Taiwan Weighted | 9,828.69 | 31.60 | 0.32 |
