All the Asian equity indices finished the day’s trade in the negative terrain on Monday after European finance heads failed to agree a plan to solve the region’s debt woes, while they also put off a decision on releasing rescue funds to Greece. European finance ministers meeting Friday in Poland said they would push back a decision on whether Greece should get its next payment from last year's $151 billion bailout package until next month. Moreover, China's benchmark index Shanghai Composite ended at a 14-month closing low with a cut of 1.79 percent, weighed by cyclical names in thin turnover on fears of tight money supply, as a $2.7 billion IPO by Sinohydro Group is set to be launched this week. However, Japanese equity markets remained closed for the trade in observance of a public holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,437.79 | -44.55 | -1.79 |
Hang Seng | 18,917.95 | -537.36 | -2.76 |
Jakarta Composite | 3,755.05 | -80.13 | -2.09 |
KLSE Composite | 1,413.12 | -17.81 | -1.24 |
Straits Times | 2,757.23 | -31.81 | -1.14 |
Seoul Composite | 1,820.94 | -19.16 | -1.04 |
Taiwan Weighted | 7,480.88 | -96.52 | -1.27 |
Nikkei 225 | - | - | - |
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