Asian markets settled mostly down on Monday with caution ahead of the release of delayed US jobs and inflation data as well as a slew of central bank decisions due this week. Market sentiments weakened further by tracking sharp losses on Wall Street last Friday as investors continued to book profits from high-flying names linked to the artificial intelligence trade on valuation concerns. The Kospi index dropped below the 4,100 levels as concerns over an artificial intelligence bubble reemerged. Chinese and Hong Kong shares fell as bondholders of distressed developer China Vanke rejected a proposal to extend a bond payment, while a slew of lacklustre economic data also dampened sentiments. November data showed that China's retail sales and industrial production growth falling short of expectations, while fixed asset investment declined more than anticipated. New home prices also contracted for the 29th consecutive month, adding to concerns about the property sector.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,867.92 | -21.43 | -0.55 |
Hang Seng | 25,628.88 | -347.91 | -1.34 |
Jakarta Composite | 8,649.66 | -10.84 | -0.13 |
KLSE Composite | 1,643.72 | 5.91 | 0.36 |
Nikkei 225 | 50,168.11 | -668.44 | -1.31 |
Straits Times | 4,589.17 | 2.72 | 0.06 |
KOSPI Composite | 4,090.59 | -76.57 | -1.87 |
Taiwan Weighted | 27,866.94 | -331.08 | -1.19 |
