Asian markets settled down on Monday, tracking weakness in Wall Street last Friday as recession fears continue to grow following concerns over aggressive monetary policy tightening by the US Federal Reserve. Japanese shares declined as a measure of Japan's factory activity hit a 20-month low in September. Japanese authorities’ currency intervention also added more pressure on market sentiments. Chinese shares dropped ahead of factory activity data due later in the week. Meanwhile, the Reserve Bank of India’s monetary policy committee is scheduled to meet later this week.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,051.23 | -37.14 | -1.20 |
Hang Seng | 17,855.14 | -78.13 | -0.44 |
Jakarta Composite | 7,127.50 | -51.08 | -0.71 |
KLSE Composite | 1,413.04 | -11.94 | -0.84 |
Nikkei 225 | 26,431.55 | -722.28 | -2.66 |
Straits Times | 3,181.97 | -45.13 | -1.40 |
KOSPI Composite | 2,220.94 | -69.06 | -3.02 |
Taiwan Weighted | 13,778.19 | -340.19 | -2.41 |
