Asian markets settled mostly higher on Monday after a surge in Wall Street at the end of last week and as hopes of less hawkish moves from the US Federal Reserve slightly eased fears of a global economic recession. Chinese shares gained after Shanghai declared victory over Covid-19 after the city reported zero new local cases for the first time in two months and data showed profits at China's industrial firms shrank at a slower pace in May. Although, investors are cautiously awaiting the US quarterly GDP growth rate numbers due this week.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,379.19 | 29.44 | 0.88 |
Hang Seng | 22,229.52 | 510.46 | 2.35 |
Jakarta Composite | 7,016.06 | -26.88 | -0.38 |
KLSE Composite | 1,438.12 | 1.42 | 0.10 |
Nikkei 225 | 26,871.27 | 379.30 | 1.43 |
Straits Times | 3,137.54 | 25.89 | 0.83 |
KOSPI Composite | 2,401.92 | 35.32 | 1.49 |
Taiwan Weighted | 15,548.01 | 244.69 | 1.60 |