Asian markets finished mostly in green on Monday, with the increased risk appetite in the global markets followed by robust corporate earnings and an upbeat jobs data of January. Technical buying after at prevailing levels also supported investments. However, the trade was volatile in the session as bets over Federal rate hikes firmed with the better than expected US Jobs data. Chinese stocks rallied as it reopened after a week long holiday for Lunar New Year. Meanwhile, PMI of China posted a decline to 51.4 from 53.1 in December. Japanese stocks settled lower in the session amid disappointing earnings results and surging restrictions associated with the rising covid cases.
Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,429.58 | 68.14 | 2.03 |
Hang Seng | 24,579.55 | 6.26 | 0.03 |
Jakarta Composite | 6,804.94 | 73.55 | 1.09 |
KLSE Composite | 1530.65 | 7.89 | 0.52 |
Nikkei 225 | 27,248.87 | -191.12 | -0.70 |
Straits Times | 3,366.48 | 35.07 | 1.05 |
KOSPI Composite | 2,745.06 | -5.20 | -0.19 |
Taiwan Weighted | 17,900.30 | 225.90 | 1.28 |
