The Asian markets have mostly made a positive start, though the gains are marginal as traders are waiting for some announcements by the ECB and Federal Reserve chief’s at Jackson Hole Symposium. Chinese market was trading lower on news that retailers in the country are reporting weaker sales growth. Retail sales have missed economists’ forecasts in three of the last four months.
Shanghai Composite was down by 8.33 points or 0.40% to 2,064.83, Hang Seng was marginally down by 2.57 points or 0.01% to 19,809.23, Jakarta Composite declined by 15.86 points or 0.41% to 4,125.98,
On the other hand, KLSE Composite was marginally up by 1.57 points or 0.09% to 1,648.63, Nikkei 225 gained 25.70 points or 0.28% to 9,058.99, Straits Times was up by 7.80 points or 0.25% to 3,047.83, Kospi Composite added 5.10 points or 0.26% to 1,920.73 and Taiwan Weighted gained 28.84 points or 0.39% to 7,389.98.