Asian markets settle mostly higher on Monday

21 Aug 2023 Evaluate

Asian markets settled mostly higher on Monday, despite mixed cues from Wall Street last Friday ahead to the US Federal Reserve's summer conference for signs of whether the US Federal Reserve thinks inflation is under control or more interest rate hikes are needed to cool inflation. Although, Chinese shares declined as yuan tumbled after a smaller-than-expected rate cut from the People’s Bank of China disappointed markets.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,092.98	-38.97	-1.26
Hang Seng	17,623.29	-327.56	-1.86
Jakarta Composite	6,866.03	6.12	0.09
KLSE Composite	1,450.57	4.48	0.31
Nikkei 225	31,565.64	114.88	0.36
Straits Times	3,154.03	-19.90	-0.63
KOSPI Composite	2,508.80	4.30	0.17
Taiwan Weighted	16,381.49	0.18	0.00

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