Asian markets ended mixed on Monday as further indications of a stabilizing Chinese economy with positive manufacturing data improved investor sentiments, but gains were capped by concerns that an impasse in U.S. budget talks could tip the world's largest economy into recession. While, Chinese market were dragged down by the sharp plunge in consumer-staple companies. Chinese market led the decliners, as investors were worried about the lack of policies from Beijing to boost the economy. Though, it is being said that China may maintain its annual economic growth target at 7.5 percent next year as the new leadership headed by Xi Jinping might not bear a further slowdown. Japan's Nikkei ended higher, moderating after heavy gain in November.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 1,959.77 | -20.35 | -1.03 |
Hang Seng | 21,767.85 | -262.54 | -1.19 |
Jakarta Composite | 4,302.44 | 26.30 | 0.62 |
KLSE Composite | 1,607.35 | -3.48 | -0.22 |
Nikkei 225 | 9,458.18 | 12.17 | 0.13 |
Straits Times | 3,065.74 | -4.21 | -0.14 |
KOSPI Composite | 1,940.02 | 7.12 | 0.37 |
Taiwan Weighted | 7,599.91 | 19.74 | 0.26 |