Asian markets ended mostly lower on Monday due to lingering concerns over the impact of corona-virus pandemic in Asian region. Meanwhile, US dollar marched higher on cautious mood amid uncertainty about US inflation coupled with China's crackdown on tech companies. Chinese shares ended higher, despite the latest moves from Beijing to reshape online businesses with reports showing that Beijing wants to break up Ant Group's Alipay and create a separate app for the company's highly profitable loans business. Meanwhile, Chinese banks extended 1.22 trillion yuan ($189.51 billion) in new yuan loans in August, up from July but falling short of expectations. Japanese shares settled higher amid raising bets that Taro Kono will become the country's next prime minister.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,715.37 | 12.26 | 0.33 |
Hang Seng | 25,813.81 | -392.10 | -1.50 |
Jakarta Composite | 6,088.16 | -6.71 | -0.11 |
KLSE Composite | 1,570.13 | -5.84 | -0.37 |
Nikkei 225 | 30,447.37 | 65.53 | 0.22 |
Straits Times | 3,074.31 | -24.49 | -0.79 |
KOSPI Composite | 3,127.86 | 2.10 | 0.07 |
Taiwan Weighted | 17,446.31 | -28.26 | -0.16 |
