Asian markets ended mostly higher on Monday as slowing global corona virus infection rates and continued rollout of vaccines have buoyed the market sentiments. Further, hopes for further fiscal stimulus from United States also fuels market optimism of a faster global recovery. The US lawmakers have approved a budget outline that will allow them to muscle President Biden's $1.9 trillion corona virus relief package through in the coming weeks without Republican support. US House Speaker Nancy Pelosi believes that the final Covid-19 relief legislation could pass Congress before March 15, when extra unemployment assistance and other pandemic aid expire. Japanese shares ended higher with better-than-expected earnings and reports that the government may lift its corona virus state of emergency early for some areas.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,532.45 | 36.12 | 1.03 |
Hang Seng | 29,319.47 | 30.79 | 0.11 |
Jakarta Composite | 6,208.87 | 57.14 | 0.93 |
KLSE Composite | 1,573.33 | -5.30 | -0.34 |
Nikkei 225 | 29,388.50 | 609.31 | 2.12 |
Straits Times | 2,931.40 | 24.29 | 0.84 |
KOSPI Composite | 3,091.24 | -29.39 | -0.94 |
Taiwan Weighted | 15,802.40 | 96.18 | 0.61 |
