Asian markets ended mostly higher on Monday on optimism for upcoming Sino-US trade talks, and on hopes the European Central Bank (ECB) would announce new stimulus measures during its meeting slated for Thursday to boost growth. Market sentiment improved further after Friday’s soft US jobs report raised expectations for a Fed rate cut. Chinese shares ended higher as the country's central bank pumped 120 billion yuan (about 16.94 billion US dollars) into the financial system to shore up the flagging economy, shrugged off data showing China's exports fell unexpectedly in August amid escalating trade dispute with the US. Meanwhile, Malaysia's stock market was closed for Yang Dipertuan Agong's Birthday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,024.74 | 25.14 | 0.84 |
Hang Seng | 26,681.40 | -9.36 | -0.04 |
Jakarta Composite | 6,326.21 | 17.26 | 0.27 |
KLSE Composite | - | - | - |
Nikkei 225 | 21,318.42 | 118.85 | 0.56 |
Straits Times | 3,146.33 | 1.85 | 0.06 |
KOSPI Composite | 2,019.55 | 10.42 | 0.52 |
Taiwan Weighted | 10,801.14 | 20.50 | 0.19 |
