Asian markets ended in green on Thursday cheered up with the unexpectedly strong economic data by Japan and South Korea and as US President's $2.3 trillion infrastructure spending plan. Sentiments pulled up with the hopes that vaccinations and government spending plans have raised expectations for supercharged economic growth and a possible rise in inflation, which has pushed yields higher. China's Shanghai finished higher kindled by gains in consumer and health shares. China’s factory activity in March expanded at the slowest pace in almost a year on softer overall domestic demand, but underlying economic conditions remained solid. On the Global front, stocks are advancing with the optimism over global recovery though some gains remained trimmed with the rise in covid infections and new restrictions imposed.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,466.33 | 24.42 | 0.71 |
Hang Seng | 28,938.74 | 560.39 | 1.97 |
Jakarta Composite | 6,011.46 | 25.94 | 0.43 |
KLSE Composite | 1,582.64 | 9.13 | 0.58 |
Nikkei 225 | 29,388.87 | 210.07 | 0.72 |
Straits Times | 3,181.68 | 16.34 | 0.52 |
KOSPI Composite | 3,087.40 | 25.98 | 0.85 |
Taiwan Weighted | 16,571.28 | 140.15 | 0.85 |
