Asian markets ended mostly higher on Monday on expectations for additional stimulus measures in the United States to protect the corona virus-hit economy. US President Donald Trump signed several executive orders aimed at extending corona virus relief to Americans. The orders include extending enhanced unemployment benefits and the federal eviction moratorium, imposing a payroll tax holiday and further suspending federal student loan payments. Chinese shares ended higher as improvement in factory data calmed nerves over a ramp up in Sino-US tensions ahead of trade talks at the end of the week. Meanwhile, China's consumer inflation accelerated 2.7 percent for the second straight month in July, exceeded expectations for an increase of 2.6 percent and was up from the 2.5 percent gain in June. Meanwhile, markets in Japan and Singapore were closed for Mountain Day and National Day holidays, respectively.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,379.25 | 25.21 | 0.75 |
Hang Seng | 24,377.43 | -154.19 | -0.63 |
Jakarta Composite | 5,157.83 | 13.94 | 0.27 |
KLSE Composite | 1,571.66 | -6.48 | -0.41 |
Nikkei 225 | - | - | - |
Straits Times | - | - | - |
KOSPI Composite | 2,386.38 | 34.71 | 1.48 |
Taiwan Weighted | 12,894.00 | 65.13 | 0.51 |
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