Asian markets settled mostly higher on Monday ahead of minutes from the US Federal Open Market Committee this week. Markets were gained in spite of worries of rising geopolitical tensions, hawkish comments from US Fed officials, and expectations that the US Fed will keep raising interest rates for longer than anticipated to tame inflation. Chinese shares jumped after the country's central bank left its 1-year and 5-year prime loan rates unchanged, widely in line with expectations, as the Chinese economy showed more signs of recovery following its Covid reopening. Japanese shares rose marginally as Japanese government bond yields ticked higher following spikes in US Treasury yields last week, while investors are awaiting testimony by the incoming Bank of Japan leadership team.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,290.34 | 66.32 | 2.02 |
Hang Seng | 20,886.96 | 167.15 | 0.80 |
Jakarta Composite | 6,894.72 | -0.99 | -0.01 |
KLSE Composite | 1,473.46 | -3.44 | -0.23 |
Nikkei 225 | 27,531.94 | 18.81 | 0.07 |
Straits Times | 3,308.75 | -19.62 | -0.59 |
KOSPI Composite | 2,455.12 | 3.91 | 0.16 |
Taiwan Weighted | 15,551.23 | 71.53 | 0.46 |
