Asian equity indices continued their southbound journey for third consecutive session and snapped the day’s trade mostly in the negative terrain on Monday as traders remained worried over the possibility of a new global recession. Meanwhile, Japanese Nikkei declined over a percent in the trade after exporters tumbled due to concerns over the strong yen. Moreover, South Korean index Seoul Composite remained the top loser losing about two percent as fears of global economic downturn prompted investors to sell risky assets. However, Hang Seng remained the lone gainer amongst the Asian peers gained about half a percent, reversing all its earlier losses, thanks to late buying following two sessions of heavy selling at the end of last week.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,515.86 | -18.50 | -0.73 |
Hang Seng | 19,486.87 | 86.95 | 0.45 |
Jakarta Composite | 3,839.62 | -3.13 | -0.08 |
KLSE Composite | 1,472.16 | -11.82 | -0.80 |
Nikkei 225 | 8,628.13 | -91.11 | -1.04 |
Straits Times | 2,731.81 | -1.82 | -0.07 |
Seoul Composite | 1,710.70 | -34.18 | -1.96 |
Taiwan Weighted | 7,312.59 | -30.37 | -0.41 |
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