Asian markets ended mostly higher on Monday tracking Wall Street gains overnight despite worries around inflation, while investors are awaiting speeches of Federal Reserve officials this week for further clues on interest rates and monetary policy. Further, better-than-expected data from the world’s second largest economy China too kept the market sentiments bullish. Data showed Industrial output and retail sales in China grew at a surprisingly faster pace in October and beat expectations, with industrial output growing 3.5 percent from a 3.1 percent increase in September, and retail sales rising 4.9 percent year-on-year. Japanese shares advanced as worse-than-expected contraction of Japanese economy in the third quarter fuelled expectations of economic stimulus package from Prime Minister Fumio Kishida. However, Chinese shares ended tad lower ahead of the virtual summit of the leaders of the United States and China set for today evening.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,533.30 | -5.80 | -0.16 |
Hang Seng | 25,390.91 | 62.94 | 0.25 |
Jakarta Composite | 6,616.03 | -35.02 | -0.53 |
KLSE Composite | 1,522.34 | -8.88 | -0.58 |
Nikkei 225 | 29,776.80 | 166.83 | 0.56 |
Straits Times | 3,240.58 | 12.13 | 0.38 |
KOSPI Composite | 2,999.52 | 30.72 | 1.03 |
Taiwan Weighted | 17,634.47 | 116.34 | 0.66 |
