Asian markets settled mostly lower on Monday amid ongoing concerns over the health of the global financial system after the head of the International Monetary Fund warned that the global economy faces risks to its financial stability. But, three regional US Federal bank presidents said that the banking system was not facing a liquidity crisis. Chinese shares declined after data showed China's industrial profits dropped in the first two months of 2023 from the year before, despite China is showing signs of robust economic recovery. However, Japanese shares gained by tracking Wall Street gains last Friday, while a weaker yen also boosting sentiment in the exporter-heavy market.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,251.40 | -14.25 | -0.44 |
Hang Seng | 19,567.69 | -347.99 | -1.78 |
Jakarta Composite | 6,708.93 | -53.32 | -0.79 |
KLSE Composite | 1,396.60 | -3.10 | -0.22 |
Nikkei 225 | 27,476.87 | 91.62 | 0.33 |
Straits Times | 3,239.03 | 26.39 | 0.81 |
KOSPI Composite | 2,409.22 | -5.74 | -0.24 |
Taiwan Weighted | 15,830.31 | -84.39 | -0.53 |
