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 |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: