Asian markets settled mostly higher on Monday amid expectations that the US Federal Reserve would pause its tightening cycle after delivering a 25-bps hike this week. Expectations of more stimulus measures to prop up slowing growth in China also supported market sentiments. Meanwhile, investors are also focusing on upcoming European Central Bank and the Bank of Japan meetings for directional cues. Japanese shares posted strong gains as a weaker yen lifted risk sentiment. However, Chinese shares declined as debt repayment worries deepen in real estate industry. Hong Kong shares fell after Chinese e-commerce giant Alibaba Group Holding said it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,164.16 | -3.59 | -0.11 |
| Hang Seng | 18,668.15 | -407.11 | -2.18 |
| Jakarta Composite | 6,899.40 | 18.60 | 0.27 |
| KLSE Composite | 1,424.69 | 11.17 | 0.79 |
| Nikkei 225 | 32,700.94 | 396.69 | 1.21 |
| Straits Times | 3,265.14 | -13.16 | -0.40 |
| KOSPI Composite | 2,628.53 | 18.77 | 0.71 |
| Taiwan Weighted | 17,033.61 | 2.91 | 0.02 |
