Asian market indices are exhibiting mixed trend in early deals on Monday as investors remained cautious over a possible global economic slowdown after important data in the United States and China missed expectations last week. However, China Shares rebounded after tumbling in the previous session, as the country's central bank pledged to further support the slowing economy by spurring loans and lowering borrowing costs. Among the other Asian markets, Nikkei, Hong Kong, and Taiwan are higher. Bucking the trend, Singapore, South Korea, Indonesia, and Malaysia are lower.
Nikkei 225 added 94.14 points or 0.45% to 21,119.70, Hang Seng jumped 193.73 points or 0.69% to 28,422.15, Shanghai Composite gained 36.33 points or 1.22% to 3,006.19, and Taiwan Weighted up by 4.86 points or 0.05% to 10,246.61.
On the flip side, FTSE Bursa Malaysia KLCI declined 8.73 points or 0.52% to 1,671.17, Jakarta Composite slipped 8.47 points or 0.13% to 6,374.60, KOSPI Shares dropped 2.93 points or 0.14% to 2,134.51, and Straits Times down by 0.82 points or 0.03% to 3,195.05.
