Asian markets ended mostly higher on Monday, as investors were busy picking up shares, beaten-up in the last week’s steep plunge. Japan’s Nikkei went home with green mark after a descent rally, on expectations for aggressive easy monetary policy. Yen, which traded near three-year low against the dollar, also supported Japanese stocks to hold gains. Chinese stock too closed marginally higher despite HSBC flash purchasing managers' index (PMI) for February slipped to a four-month low of 50.4 from January's final reading of 52.3, which had been the best performance since January 2011. South Korean stocks bucked the trend and ended lower, on news that an advocate of aggressive monetary easing was poised to head the Bank of Japan pressured Korean carmakers.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,325.82 | 11.66 | 0.50 |
Hang Seng | 22,820.08 | 37.64 | 0.17 |
Jakarta Composite | 4,696.11 | 44.98 | 0.97 |
KLSE Composite | 1,627.35 | 5.27 | 0.32 |
Nikkei 225 | 11,662.52 | 276.58 | 2.43 |
Straits Times | 3,288.76 | 0.63 | 0.02 |
KOSPI Composite | 2,009.52 | -9.37 | -0.46 |
Taiwan Weighted | 7,947.68 | 39.21 | 0.49 |
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