Asian markets end mostly higher on Monday

11 Oct 2021 Evaluate

Asian markets ended mostly higher on Monday, even as dismal US jobs report with employers adding just 194,000 jobs last month against forecast of 500,000 jobs fuelled fears that the US central bank will begin tapering its massive bond purchases as early as next month. While, the US unemployment rate dropped to 4.8% better than the market expectations of 5.1%. Japanese shares gained as a weakening yen boosted exporters, while new corona-virus infections in the country fell to 553 on Sunday the lowest in almost a year added to economic reopening hopes. However, Chinese shares declined marginally after China's State Administration for Market Regulation (SAMR), China's top market regulator said it had fined food delivery giant Meituan with a 3.44 billion yuan ($534.3 million) fine for abusing its dominant position. Meanwhile, the South Korean market was closed for Hangul Day holiday and Taiwan market was closed for Double Tenth Day Celebration.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,591.71	-0.46	-0.01
Hang Seng	25,325.09	487.24	1.96
Jakarta Composite	6,459.70	-22.07	-0.34
KLSE Composite	1,570.82	6.92	0.44
Nikkei 225	28,498.20	449.26	1.60
Straits Times	3,113.49	0.68	0.02
KOSPI Composite	--	--	--
Taiwan Weighted	--	--	--

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Asian markets end mostly higher on Monday

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