Asian markets settled mostly higher on Monday with expectations for a US debt ceiling deal. US lawmakers would continue negotiations today to increase US debt limit. Meanwhile, US Federal Chair Powell said the Federal Reserve might not have to raise interest rates as high as earlier expected to control inflation. Japanese shares gained as the yen weakened after dovish comments by BOJ Governor Kazuo, despite data showed Japan's core machinery orders fell in March for a second straight month. Moreover, Chinese shares rose after US president Joe Biden said he expected ties with China to improve very shortly.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,296.47 | 12.93 | 0.39 |
Hang Seng | 19,678.17 | 227.60 | 1.16 |
Jakarta Composite | 6,729.65 | 29.09 | 0.43 |
KLSE Composite | 1,419.00 | -9.54 | -0.67 |
Nikkei 225 | 31,086.82 | 278.47 | 0.90 |
Straits Times | 3,211.09 | 8.50 | 0.26 |
KOSPI Composite | 2,557.08 | 19.29 | 0.75 |
Taiwan Weighted | 16,180.89 | 5.97 | 0.04 |