Asian markets snapped the session mostly in green on Monday, buoyed by the Chinese optimism after data of industrial production as well as retail sales from the country suggested recovery in the global economy. However, China’s exports rose less than forecast in November. The customs administration reported that overseas shipments increased 2.9 percent from a year earlier and imports were unchanged. Meanwhile, Japanese market just managed a positive close despite the revised government data showing that GDP shrank 0.9 percent in July-September from the previous quarter. GDP contracted an annualized 3.5 percent in the three months period. The government revised down the previous quarter's figure to a 0.1 percent contraction, technically putting the country into recession.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,083.77 | 21.98 | 1.07 |
Hang Seng | 22,276.72 | 85.55 | 0.39 |
Jakarta Composite | 4,302.61 | 11.81 | 0.28 |
KLSE Composite | 1,632.15 | 14.38 | 0.89 |
Nikkei 225 | 9,533.75 | 6.36 | 0.07 |
Straits Times | 3,114.34 | 7.23 | 0.23 |
KOSPI Composite | 1,957.42 | -0.03 | 0.00 |
Taiwan Weighted | 7,609.50 | -32.76 | -0.43 |
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