Asian markets ended mostly lower on Monday amid signs of new waves of infections in the second largest economy, while a private report stating that many major economies will enter recessions over the next 12 months. Meanwhile, US stock market is closed today for the Independence Day holiday. Soft US data helped raise expectations that the Fed might opt for a less aggressive pace of interest rate hikes in the months ahead. Data showed US manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, while construction spending unexpectedly dipped in May. However, Japanese shares gained by utility companies as Japan continues to deal with an unprecedented heatwave heading into July.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,405.43 | 17.79 | 0.53 |
Hang Seng | 21,830.35 | -29.44 | -0.13 |
Jakarta Composite | 6,639.17 | -155.16 | -2.28 |
KLSE Composite | 1,437.52 | -12.22 | -0.84 |
Nikkei 225 | 26,153.81 | 218.19 | 0.84 |
Straits Times | 3,120.24 | 24.65 | 0.80 |
KOSPI Composite | 2,300.34 | -5.08 | -0.22 |
Taiwan Weighted | 14,217.06 | -126.02 | -0.88 |
