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Asian markets settle in green terrain on Monday

16 Sep 2024 Evaluate

Asian markets ended in green on Monday despite slew of Chinese data disappointed. Traders were eyeing the Fed, BoJ and BoE policy meetings this week, with central banks in Japan and the U.K. both expected to stand pat on rates. Economic data from China over the weekend disappointed as industrial output growth slowed to a five-month low in August, while retail sales and new home prices weakened further. Investors remained optimistic about a potential interest rate cut by the Federal Reserve. Holidays in China, Japan, Malaysia, Indonesia and South Korea made for thin trading conditions and moves were modest. The Japanese stock market remained closed for Respect for the Aged Day. Trading remained closed in China for Mid-Autumn Festival, South Korea for Chuseok Thanksgiving Day, Malaysia for Malaysia Day and Indonesia for Prophet Muhammad's birthday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

--

--

--

Hang Seng

17,422.12

53.03

0.30

Jakarta Composite

--

--

--

KLSE Composite

--

--

--

Nikkei 225

--

--

--

Straits Times

3,570.43

7.78

0.22

KOSPI Composite

--

--

--

Taiwan Weighted

21,850.08

90.43

0.41

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