Asian markets settle mixed on Monday

02 Sep 2024 Evaluate

Asian markets settled mixed on Monday as Chinese shares declined after mixed factory activity indicators raised new questions about efforts to stimulate Chinese economy. China's manufacturing activity returned to expansion in August, a widely watched private survey showed on Monday even as the official reading pointed to a deeper contraction. Hong Kong shares fell after Hong Kong-based property developer New World Development Company said it expects to post its first annual loss in two decades. Japanese shares gained slightly tracking Wall Street’s gains Friday and after data showed Japan's manufacturing activity moved closer to stabilization in August. A weaker yen also lifted Japanese automakers’ shares. Meanwhile, Seoul shares rose after a survey revealed that South Korea's factory activity growth quickened in August.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,811.04	-31.17	-1.11
Hang Seng	17,691.97	-297.10	-1.68
Jakarta Composite	7,694.53	23.80	0.31
KLSE Composite	1,678.19	-0.61	-0.04
Nikkei 225	38,700.87	53.12	0.14
Straits Times	3,463.08	20.15	0.58
KOSPI Composite	2,681.00	6.69	0.25
Taiwan Weighted	22,235.10	-32.99	-0.15

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