Asian markets ended mostly lower on Monday. Japanese shares dropped as the safe-haven yen firmed up following possible rate hikes sooner and faster. St. Louis Fed President James Bullard said he sees an initial interest rate increase happening in 2022. However, Chinese shares settled higher as the country's central bank PBoC kept its benchmark lending rates unchanged, as widely expected. The one-year Loan Prime Rate (LPR) was maintained at 3.85% and the five-year LPR was also unchanged at 4.65%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,529.18 | 4.08 | 0.12 |
Hang Seng | 28,489.00 | -312.27 | -1.08 |
Jakarta Composite | 5,996.25 | -10.87 | -0.18 |
KLSE Composite | 1,572.24 | -16.81 | -1.06 |
Nikkei 225 | 28,010.93 | -953.15 | -3.29 |
Straits Times | 3,117.87 | -26.29 | -0.84 |
KOSPI Composite | 3,240.79 | -27.14 | -0.83 |
Taiwan Weighted | 17,062.98 | -255.56 | -1.48 |
