Asian markets ended mostly lower on Monday after the release of weak data from China. Chinese industrial output growth unexpectedly weakened to 4.4% in August from the same period a year earlier, the slowest pace since February 2002 and down from 4.8% in July, while retail sales and investment figures also disappointed amid rising trade pressure and softening domestic demand. Further, oil prices soared following multiple drone attacks over the weekend on Saudi Arabia's crude oil production facilities. Chinese shares ended mostly flat as trading resumed following a three-day holiday weekend. Though, Seoul stocks advanced as investor anxiety about the US-Chinese tariff war eased and investors remained focused on the upcoming Federal meeting for directional cues. Meanwhile, markets in Japan and Malaysia were closed for public holidays.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,030.75 | -0.49 | -0.02 |
Hang Seng | 27,124.55 | -228.14 | -0.83 |
Jakarta Composite | 6,219.44 | -115.40 | -1.82 |
KLSE Composite | - | - | - |
Nikkei 225 | - | - | - |
Straits Times | 3,203.93 | -7.56 | -0.24 |
KOSPI Composite | 2,062.22 | 13.02 | 0.64 |
Taiwan Weighted | 10,898.13 | 70.58 | 0.65 |
