Asian markets ended mostly lower on Monday on worries over inflation and disappointing Chinese growth data, while uncertainty over the fate of heavily indebted Chinese property company Evergrande Group also kept the market sentiments cautious. Data showed China's economic growth in the third quarter expanded 4.9 percent year-on-year, missed forecasts for 5.2 percent and down sharply from 7.9 percent in the three months prior. Meanwhile, Chinese industrial production gained an annual 3.1 percent in September, missing forecasts for 4.5 percent and slowing from 5.1 percent in August. Japanese shares declined as investors booked profits following a recent rally. Shares of Japanese automakers advanced after Toyota Motor cut its planned global output for November by as much as 15% due to ongoing chip shortages but sticking to its latest full-year production target.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,568.14 | -4.23 | -0.12 |
Hang Seng | 25,409.75 | 78.79 | 0.31 |
Jakarta Composite | 6,658.77 | 25.43 | 0.38 |
KLSE Composite | 1,605.97 | 7.69 | 0.48 |
Nikkei 225 | 29,025.46 | -43.17 | -0.15 |
Straits Times | 3,173.82 | -0.09 | -- |
KOSPI Composite | 3,006.68 | -8.38 | -0.28 |
Taiwan Weighted | 16,705.46 | -75.73 | -0.45 |
