MoneyWorks4Me

Most Asian markets went home with red mark

12 Nov 2012 Evaluate

Asian markets ended mostly lower on Monday as market sentiments were weighed down by concerns over U.S. fiscal crisis along with Greece's bailout, which spoiled optimism over world’s largest economy’s growth prospects. However Hong Kong and mainland Chinese stock markets closed in positive territory following Chinese Cabinet officials’ comments that the country’s economic slowdown has ended, although the economy is not ready to stage a recovery, and that exporters still face tough conditions. Japan’s Nikkei touched four-week low as the exporting nation registered its worst September trade figures for 30 years as exports slumped.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,079.27

10.21

0.49

Hang Seng

21,430.30

45.92

0.21

Jakarta Composite

4,318.59

-15.05

-0.35

KLSE Composite

1,637.59

-3.49

-0.21

Nikkei 225

8,676.44

-81.16

-0.93

Straits Times

3,007.57

-1.99

-0.07

KOSPI Composite

1,900.87

-3.54

-0.19

Taiwan Weighted

7,267.75

-25.47

-0.35