Asian markets settled higher on Monday, tracking Friday's bounce on Wall Street after US Federal Reserve Chairman Jerome Powell at the Jackson Hole signalled that the central bank is likely to begin tapering some of its easy-money policies before the end of the year though Fed will continue to hold interest rates at current level. Chinese shares ended marginally higher after the country's securities regulator pledged to crack down on mismanaged private funds and weed out fake ones, because the government becomes more assertive in dealing with an industry worth 60 trillion yuan.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,528.15 | 5.99 | 0.17 |
Hang Seng | 25,539.54 | 131.65 | 0.52 |
Jakarta Composite | 6,144.90 | 103.53 | 1.71 |
KLSE Composite | 1,601.38 | 11.22 | 0.71 |
Nikkei 225 | 27,789.29 | 148.15 | 0.54 |
Straits Times | 3,102.11 | 21.34 | 0.69 |
KOSPI Composite | 3,144.19 | 10.29 | 0.33 |
Taiwan Weighted | 17,396.52 | 186.59 | 1.08 |