Asian markets settled mostly lower on Monday tracking negative cues from Wall Street last week on fears about the global economic outlook following detection of a new and possibly vaccine-resistant Covid-19 variant 'Omicron' in more countries and governments are imposing travel controls. Chinese shares ended almost flat on omicron fears, while Chinese Evergrande Group's shares declined after its chairman Hui Ka Yan divested some of his stake in the cash-strapped property developer company to raise about $344 million. Japanese shares declined after Japan’s Prime Minister Fumio Kishida announced the country will bar entry by foreigners starting Tuesday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,562.70 | -1.39 | -0.04 |
Hang Seng | 23,852.24 | -228.28 | -0.95 |
Jakarta Composite | 6,608.29 | 46.74 | 0.71 |
KLSE Composite | 1,510.57 | -1.65 | -0.11 |
Nikkei 225 | 28,283.92 | -467.70 | -1.63 |
Straits Times | 3,120.58 | -45.69 | -1.44 |
KOSPI Composite | 2,909.32 | -27.12 | -0.92 |
Taiwan Weighted | 17,328.09 | -41.30 | -0.24 |
