Most of the Asian markets shut the shop in red Monday as slowdown in Japan's growth at annual rate of 1.4% in April-June quarter, increased worries about the health of the global economy. That was a sharp drop from a revised 5.5% in the previous quarter. Meanwhile, Hong Kong and Singapore both Asian financial centers reported weak second-quarter growth. Also the dismal report helped fuel speculation that China’s central bank was preparing to act with some type of measure to spur business activity.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,136.08 | -32.74 | -1.51 |
Hang Seng | 20,081.36 | -54.76 | -0.27 |
Jakarta Composite | 4,102.53 | -39.03 | -0.94 |
KLSE Composite | 1,646.32 | 0.96 | 0.06 |
Nikkei 225 | 8,885.15 | -6.29 | -0.07 |
Straits Times | 3,064.81 | 10.61 | 0.35 |
KOSPI Composite | 1,932.44 | -13.96 | -0.72 |
Taiwan Weighted | 7,436.30 | -4.82 | -0.06 |