MoneyWorks4Me

Asian markets end mostly higher on Monday

28 Dec 2020 Evaluate

Asian markets ended mostly higher on Monday after US President Donald Trump signed a $2.3 trillion corona virus relief and government spending package into law on Sunday. President Trump also restored unemployment benefits to millions of Americans and averted a federal government shutdown. Japanese shares ended higher, despite data showed Japan's industrial output stalled in November from the previous month. Japan confirmed its first case of the new Covid-19 strain in a Tokyo resident who recently returned from Britain. Chinese shares were little changed, driven by strong industrial profit data that underscored a continued recovery in the world's second-largest economy. Though, Hong Kong shares declined after Chinese regulators ordered an Alibaba-affiliate Ant Group to rectify its businesses. While, Alibaba Group boosted its share buyback program to $10 billion from $6 billion.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,397.29
0.73
0.02

Hang Seng

26,314.63
-71.93
-0.27

Jakarta Composite

6,093.55
84.84
1.41

KLSE Composite

1,643.90

2.73

0.17

Nikkei 225

26,854.03

197.42
0.74

Straits Times

2,840.14
-1.90
-0.07

KOSPI Composite

2,808.60
1.74
0.06

Taiwan Weighted

14,483.07
151.65
1.06

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