Asian markets settled mostly higher on Monday ahead of the United States, European, Japanese and Australian inflation readings this week for clarity on the global interest rate outlook. Meanwhile, China's official PMI figures as well as India's fiscal fourth-quarter GDP numbers will be out on Friday. Chinese shares gained after official data showed profits at China's industrial companies rose 4.3% in the first four months from the same period last year. Moreover, Japanese shares rose by tracking Wall Street’s gains last Friday. Bank of Japan Governor Kazuo Ueda said that they have made progress in moving away from zero and lifting inflation expectations but added that they now must re-anchor them at the 2% target.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,124.04 | 35.17 | 1.13 |
Hang Seng | 18,827.35 | 218.41 | 1.16 |
Jakarta Composite | 7,176.42 | -45.96 | -0.64 |
KLSE Composite | 1,618.27 | -1.13 | -0.07 |
Nikkei 225 | 38,900.02 | 253.91 | 0.65 |
Straits Times | 3,318.45 | 1.89 | 0.06 |
KOSPI Composite | 2,722.99 | 35.39 | 1.30 |
Taiwan Weighted | 21,803.77 | 238.43 | 1.09 |
