Asian markets end mostly higher on Monday

01 Mar 2021 Evaluate

Asian markets ended mostly higher on Monday on investors' optimism over swift global economic recovery after the US House of Representatives passed President Joe Biden’s $1.9 trillion corona virus relief package early Saturday. Further, optimism over Covid-19 vaccine rollouts too supporting market sentiments. Johnson & Johnson's single-dose Covid-19 vaccine was given the green light by the United States Food and Drug Administration (USFDA) on Saturday for emergency use purposes. Chinese shares ended up despite reports that China’s factory activity grew in February at a slower pace than a month earlier. The latest survey from Caixin showed that the manufacturing sector in China continued to expand in February, albeit at a slower pace with a manufacturing PMI score of 50.9, down from 51.5 in January. Moreover, Japanese stocks settled with strong gains after a survey showed that Japan climbed into expansion territory in February with a 22-month high manufacturing PMI score of 51.4, while the corona virus related state of emergency was lifted in six prefectures outside the Tokyo region amid signs of an improvement in the infection situation too kept the sentiments positive. Meanwhile, markets in South Korea and Taiwan were closed for holidays.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,551.40
42.32
1.21

Hang Seng

29,452.57
472.36
1.63

Jakarta Composite

6,338.51
96.71
1.55

KLSE Composite

1,567.14

-10.61

-0.67

Nikkei 225

29,663.50
697.49
2.41

Straits Times

2,973.00
23.96
0.81

KOSPI Composite

-

-

-

Taiwan Weighted

-

-

-

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