Asian markets ended mixed in thin pre-Christmas trade on Monday as investors fretted about the impact of a partial US government shutdown and increasing trade tensions, with White House trade advisor Peter Navarro saying the trade war between the US and China would not come to an end in near-term. The US dollar slipped as political uncertainty weighed and Federal Reserve Bank of New York President John Williams said the US central bank is open to reconsidering its views on rate hikes next year. Oil prices inched higher in Asian trade after oil ministers from OPEC nations said they expect prices will arrest their recent slide and rebalance early next year. Chinese shares ended higher after the country's top policymakers signaled more support for the economy next year with tax cuts and other policy measures. Meanwhile, the markets in Japan and Indonesia were closed for public holidays.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,527.01 | 10.76 | 0.43 |
Hang Seng | 25,651.38 | -102.04 | -0.40 |
Jakarta Composite | - | - | - |
KLSE Composite | 1,683.82 | 13.54 | 0.81 |
Nikkei 225 | - | - | - |
Straits Times | 3,051.06 | 5.02 | 0.16 |
KOSPI Composite | 2,055.01 | -6.48 | -0.31 |
Taiwan Weighted | 9,639.70 | -6.46 | -0.07 |
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