Most of the Asian markets finished in red on Monday, as the hawkish comments by Federal Reserve Chairman and rising Covid cases in China raised concerns over global economic growth, and profit booking after previous sessional huge gains. However, some losses were capped in the session amid news that China lifted some of its covid curbs and as the government affirmed some plans for financial institutions to rescue the property sector. Japan’s Nikkei retreated from its two-month high-rate mirroring negative cues in the global market. Hang Seng and Shanghai were also in negative trend as China’s policy shifts began to fade and caution ahead to Tuesday’s slew of Chinese economic data for October.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,083.40 | -3.89 | -0.13 |
Hang Seng | 17,619.71 | 294.05 | 1.70 |
Jakarta Composite | 7,019.39 | -69.82 | -0.98 |
KLSE Composite | 1,464.00 | -4.21 | -0.29 |
Nikkei 225 | 27,963.47 | -300.10 | -1.06 |
Straits Times | 3,260.80 | 32.47 | 1.01 |
KOSPI Composite | 2,474.65 | -8.51 | -0.34 |
Taiwan Weighted | 14,174.90 | 167.34 | 1.19 |
