All the Asian equity indices witnessed massacre in today’s trade and ended the session with a huge cut on Monday as investors remained worried over growing concerns about a debt default in Greece, and its potential consequences for the Euro Area and for the global economy. Hong Kong shares tumbled over four per cent as foreign funds liquidated positions in mainland financials and property developers to boost cash levels in preparation for redemptions in their home countries. Moreover, Japanese Nikkei fell about two percent, with a government survey showing an improvement in business confidence among Japanese manufacturers doing little to nudge markets back to life. However, stock markets in China remained closed on Monday in observance of a public holiday and the country's markets will be shut throughout the week for holidays. Also South Korea's markets remained closed on account of a national holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Hang Seng | 16,822.15 | -770.26 | -4.38 |
Jakarta Composite | 3,348.71 | -200.32 | -5.64 |
KLSE Composite | 1,367.52 | -19.61 | -1.41 |
Nikkei 225 | 8,545.48 | -154.81 | -1.78 |
Straits Times | 2,621.40 | -53.76 | -2.01 |
Taiwan Weighted | 7,013.97 | -211.41 | -2.93 |
Shanghai Composite | - | - | - |
Seoul Composite | - | - | - |
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