Asian markets ended lower on Monday due to growing worries over spiking corona virus infections in the US and other parts of the world. Japanese shares declined despite data showing factory output jumped 3.8% in October from the previous month. While, Retail sales jumped 6.4% year-on-year in October to rise for the first time in eight months, matching a median market forecast and turning around from an 8.7% drop in the previous month. But, the Tokyo's key Nikkei average index gained as much as 15 percent for the month, marking its biggest monthly gain since January 1994 on optimism about progress in corona virus vaccine development and Joe Biden's US presidential win. Hong Kong shares ended down after authorities’ warning that Hong Kong's fourth corona virus wave 'will be more severe' than the last. Further, Chinese shares closed down after reports emerged that the Trump administration is considering blacklisting China’s top chipmaker Semiconductor Manufacturing International Corp. (SMIC) as well as oil and gas producer China National Offshore Oil Corp. (CNOOC).
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,391.76 | -16.55 | -0.49 |
Hang Seng | 26,341.49 | -553.19 | -2.06 |
Jakarta Composite | 5,612.42 | -170.92 | -2.96 |
KLSE Composite | 1,562.71 | -44.88 | -2.79 |
Nikkei 225 | 26,433.62 | -211.09 | -0.79 |
Straits Times | 2,805.95 | -49.87 | -1.75 |
KOSPI Composite | 2,591.34 | -42.11 | -1.60 |
Taiwan Weighted | 13,722.89 | -144.20 | -1.04 |
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