Asian markets ended mostly lower on Monday following the broadly negative cues from US markets on Friday as investors reacted to a key US jobs report which showed hiring slowed in August, as widely expected, and the unemployment rate ticked up to 3.7%. Market sentiments weakened further on fears over energy rationing in Europe after Russia said one of its main supply pipelines to Europe would remain shut indefinitely. Japanese shares dropped after the final au Jibun Bank Japan Services purchasing managers' index falling to a seasonally adjusted 49.5 in August, marking the first contraction since March. Hong Kong shares declined as Chinese authorities extended Covid-19 lockdowns of Chengdu and Shenzhen. However, Chinese shares gained after a private survey showed the country's services sector activity grew more than expected in August. The Caixin services purchasing managers index edged down to 55.0 in August from 55.5 in July but remained firmly in expansion territory.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,199.91 | 13.43 | 0.42 |
Hang Seng | 19,225.70 | -226.39 | -1.16 |
Jakarta Composite | 7,231.88 | 54.70 | 0.76 |
KLSE Composite | 1,489.80 | -1.38 | -0.09 |
Nikkei 225 | 27,619.61 | -31.23 | -0.11 |
Straits Times | 3,215.48 | 9.79 | 0.31 |
KOSPI Composite | 2,403.68 | -5.73 | -0.24 |
Taiwan Weighted | 14,661.10 | -11.94 | -0.08 |
