Asian stock markets ended mostly lower on Monday as better-than-expected US growth data was unable to offset concerns over corporate earnings. Hong Kong market dragged down by sharp declines in local property developers, following the introduction of a 15% tax on housing purchases by foreign and corporate buyers aimed at cooling soaring property prices. Meanwhile, Japans Nikkei closed in negative territory as stronger yen proved a drag in quiet trading ahead of the Bank of Japan meeting. Taiwan went home with red mark reacting on negative earnings guidance of phone maker HTC Crop for the fourth quarter.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,058.94 | -7.27 | -0.35 |
Hang Seng | 21,511.05 | -34.52 | -0.16 |
Jakarta Composite | 4,331.37 | -7.79 | -0.18 |
KLSE Composite | 1,672.56 | 0.67 | 0.04 |
Nikkei 225 | 8,929.34 | -3.72 | -0.04 |
Straits Times | 3,029.61 | -27.90 | -0.91 |
KOSPI Composite | 1,891.52 | 0.09 | - |
Taiwan Weighted | 7,091.67 | -42.39 | -0.59 |
