Asian markets ended mostly higher on Monday on hopes of more stimulus measures from central banks around the world to support their economies helped ease immediate concerns about a global recession. A rebound in US Treasury yields and reports suggesting that Washington and Beijing are working actively to revive negotiations aimed at ending the trade war also buoyed sentiment. On Sunday, US President Trump said that he had discussed the impact of Washington's tariffs on Chinese goods with Apple chief Tim Cook. Chinese shares closed higher after the People's Bank of China said it would use market-based reform methods to help lower real lending rates and prop up a slowing economy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,883.10 | 59.28 | 2.10 |
Hang Seng | 26,291.84 | 557.62 | 2.17 |
Jakarta Composite | 6,296.72 | 10.06 | 0.16 |
KLSE Composite | 1,596.45 | -2.77 | -0.17 |
Nikkei 225 | 20,563.16 | 144.35 | 0.71 |
Straits Times | 3,128.45 | 13.42 | 0.43 |
KOSPI Composite | 1,939.90 | 12.73 | 0.66 |
Taiwan Weighted | 10,488.75 | 67.86 | 0.65 |
