Asian markets ended mostly lower on Monday as US lawmakers were not able to prevent the imposition of $85 billion spending cuts that kicked in at the end of last week. Chinese markets closed with huge losses as its property developers were affected by the measures to cool the housing market. On the other hand, Japan’s Nikkei went home with green mark as a weaker yen helped to improve the sentiment.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,237.81 | -86.10 | -3.65 |
Hang Seng | 22,537.81 | -342.41 | -1.50 |
Jakarta Composite | 4,761.46 | -50.15 | -1.04 |
KLSE Composite | 1,635.98 | -1.46 | -0.09 |
Nikkei 225 | 11,652.29 | 45.90 | 0.40 |
Straits Times | 3,239.95 | -29.55 | -0.90 |
KOSPI Composite | 2,013.15 | -13.34 | -0.66 |
Taiwan Weighted | 7,867.34 | -97.29 | -1.22 |