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Asian markets end mostly higher on Monday

04 Jan 2021 Evaluate

Asian markets ended mostly higher on Monday on investors’ hope that the rollout of corona virus vaccines would ultimately boost the global economy, while encouraging manufacturing and exports data also lifted hopes of a swifter global economic recovery from the pandemic. Chinese shares ended higher as the latest survey from Caixin revealed that the Chinese manufacturing sector continued to expand in December, albeit at a slower pace. Hong Kong shares rose despite persisting Sino-US tensions. Shares in China's state-owned telecommunications companies declined in Hong Kong trading after the New York Stock Exchange said it would delist three major Chinese telecoms, in the latest flare-up of tensions between China and United States. Japanese shares ended lower after Prime Minister Yoshihide Suga said he was considering declaring a state of emergency in the greater Tokyo metropolitan area to curb the spread of the corona virus, while stronger yen against the dollar also fueled selling pressure on market. But, a survey showed Japan's factory activity stabilized for the first time in two years in December, capped the Japanese market’s downfall.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,502.96
29.89
0.86

Hang Seng

27,472.81
241.68
0.89

Jakarta Composite

6,104.90
125.83
2.10

KLSE Composite

1,602.57

-24.64

-1.51

Nikkei 225

27,258.38
-185.79
-0.68

Straits Times

2,858.90
15.09
0.53

KOSPI Composite

2,944.45
70.98
2.47

Taiwan Weighted

14,902.03
169.50
1.15

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