Asian markets settled mostly higher on Monday with optimism that the US Federal Reserve might moderate its rate hikes, with private report saying they no longer expect the US Federal Reserve to hike interest rates at its March 22, 2023 meeting. Chinese shares surged after the Beijing government surprisingly kept the head of the central bank and the finance minister in their posts on Sunday. However, Japanese shares declined by tracking weakness in Wall Street shares last Friday on worries of financial contagion from the collapse of Silicon Valley Bank.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,268.70 | 38.62 | 1.18 |
Hang Seng | 19,695.97 | 376.05 | 1.91 |
Jakarta Composite | 6,786.96 | 21.66 | 0.32 |
KLSE Composite | 1,421.83 | -11.25 | -0.79 |
Nikkei 225 | 27,832.96 | -311.01 | -1.12 |
Straits Times | 3,132.37 | -45.06 | -1.44 |
KOSPI Composite | 2,410.60 | 16.01 | 0.66 |
Taiwan Weighted | 15,560.49 | 34.29 | 0.22 |