Asian markets ended mixed on Monday after US Federal Reserve Chairman Jerome Powell said the central bank Fed was on track to start tapering its stimulus, and added that he expected inflation could last until well into next year. Japanese shares declined ahead of this week’s general election, while the yen strengthened. Hong Kong shares ended on a flat note after news of trials of a property tax in China. Seoul shares ended higher amid expectations of strong third-quarter corporate earnings. Chinese shares gained after China Evergrande group said it planned to prioritize growth of its nascent electric vehicles business over its troubled core real estate operations.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,609.86 | 27.26 | 0.76 |
Hang Seng | 26,132.03 | 5.10 | 0.02 |
Jakarta Composite | 6,625.70 | -18.04 | -0.27 |
KLSE Composite | 1,587.94 | -0.14 | -0.01 |
Nikkei 225 | 28,600.41 | -204.44 | -0.71 |
Straits Times | 3,201.86 | -3.28 | -0.10 |
KOSPI Composite | 3,020.54 | 14.38 | 0.48 |
Taiwan Weighted | 16,894.24 | 5.50 | 0.03 |
