Asian markets ended mostly lower on Monday. Japanese shares plunged tracking negative Wall Street cues; and ahead of a heavy week of macroeconomic data with figures on household spending, current account and gross domestic product due on Tuesday. Further, Chinese shares ended lower on worries about rising Sino-US tensions after reports that the United States was planning to blacklist the China’s largest contract chipmaker SMIC in a move that could neuter the country’s semiconductor industry. Data from the General Administration of Customs showed that China's exports grew more than expected in August mainly due to base effects, while imports dropped unexpectedly from last year. Though, Seoul shares rebounded as South Korea reported a slowdown in daily corona virus infection cases.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,292.59 | -62.78 | -1.87 |
Hang Seng | 24,589.65 | -105.80 | -0.43 |
Jakarta Composite | 5,230.20 | -9.65 | -0.18 |
KLSE Composite | 1,516.38 | 0.52 | 0.03 |
Nikkei 225 | 23,089.95 | -115.48 | -0.50 |
Straits Times | 2,511.21 | 1.57 | 0.06 |
KOSPI Composite | 2,384.22 | 15.97 | 0.67 |
Taiwan Weighted | 12,601.40 | -36.55 | -0.29 |
