Asian markets settled mostly lower on Monday tracking losses of US stocks on Friday amid uncertainty over the US Fed's rate-hiking path. Investors are awaited Federal Reserve Chair Jerome Powell's keynote address at the Kansas City Fed's two-day annual economic symposium this week for fresh clues on the economic and interest rate outlook. Meanwhile investors are also fretted about potential recession risks globally. However, Chinese shares gained as the country's central bank PBoC cut its key lending rates again to boost an economy battered by Covid-19 lockdowns and a property market crisis.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,277.79 | 19.71 | 0.60 |
Hang Seng | 19,656.98 | -116.05 | -0.59 |
Jakarta Composite | 7,107.98 | -64.45 | -0.90 |
KLSE Composite | 1,487.37 | -17.07 | -1.13 |
Nikkei 225 | 28,794.50 | -135.83 | -0.47 |
Straits Times | 3,262.57 | 16.06 | 0.49 |
KOSPI Composite | 2,462.50 | -30.19 | -1.21 |
Taiwan Weighted | 15,245.14 | -163.64 | -1.06 |
