Asian markets ended mostly in green on Monday as investors cheered signs of progress in high-level trade talks and positive manufacturing data from China. Beijing announced that it would continue to suspend additional tariffs on US vehicles and auto parts after April 1 as a gesture after Washington delayed tariff hikes on Chinese imports. A delegation led by Vice Premier Liu He will be in Washington this week for another round of talks. Chinese shares ended to its highest level since May 2018, as investors cheered signs of progress in trade talks and signals of an economic recovery. Underlying sentiment was boosted after official data showed China's factory activity in March unexpectedly grew for the first time in fourth months. The Caixin/ Markit PMI also showed the manufacturing sector in the world's second biggest economy returning to growth. Meanwhile, Japanese shares ended off their day's highs after a central bank survey showed Japan's business confidence hit a two-year low in the March quarter, underscoring renewed concerns surrounding global demand. Another private survey showed that manufacturing activity in the country contracted for a second straight month in March, with output down at the sharpest rate in nearly three years.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,170.36 | 79.60 | 2.58 |
Hang Seng | 29,562.02 | 510.66 | 1.76 |
Jakarta Composite | 6,452.61 | -16.15 | -0.25 |
KLSE Composite | 1,628.66 | -14.97 | -0.91 |
Nikkei 225 | 21,509.03 | 303.22 | 1.43 |
Straits Times | 3,250.51 | 37.63 | 1.17 |
KOSPI Composite | 2,168.28 | 27.61 | 1.29 |
Taiwan Weighted | 10,642.63 | 1.59 | 0.01 |
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