MoneyWorks4Me

Asian markets end lower ahead of key economic events

05 Nov 2012 Evaluate

Following Friday's sharp losses on Wall Street, Asian markets went home with red mark on Monday, as investors were not ready to take any strong positions before a series of key events this week, such as US presidential election and China's leadership transition. Hong Kong markets closed lower, tracking two sets of services sector data. While Japan's Nikkei, also ended in negative territory due to profit-taking after last week's healthy gains. Moreover, market players waited for developments surrounding Spain that whether the debt-strapped country will request a bailout from its euro zone partners.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,114.03

-3.02

-0.14

Hang Seng

22,006.40

-104.93

-0.47

Jakarta Composite

4,302.94

-35.95

-0.83

KLSE Composite

1,654.04

-2.09

-0.13

Nikkei 225

9,007.44

-43.78

-0.48

Straits Times

3,031.69

-9.06

-0.30

KOSPI Composite

1,908.22

-10.50

-0.55

Taiwan Weighted

7,185.36

-25.11

-0.35