Asian markets ended mixed on Monday amid renewed Middle East tensions after US forces struck Iranian rocket launchers on Larak Island in the Strait of Hormuz, triggering immediate Iranian attacks on American forces stationed in Jordan. Meanwhile, Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole remarks in the face of rising inflation risks dampened investors' appetite for risk. Chinese market gained as the latest data showed China’s Manufacturing PMI ticked up to 49.8 in August, beating expectations of 49.7 and improving from July's 49.2, while the Non-Manufacturing PMI held steady at 49. South Korea’s Kospi surged on expectations of robust semiconductor export growth. Malaysian market remained closed on account of National Day holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,986.30 | 34.12 | 0.86 |
Hang Seng | 25,566.99 | -17.80 | -0.07 |
Jakarta Composite | 6,525.48 | 7.36 | 0.11 |
KLSE Composite | -- | - | -- |
Nikkei 225 | 66,311.93 | -93.63 | -0.14 |
Straits Times | 5,755.36 | 55.43 | 0.97 |
KOSPI Composite | 6,820.02 | 31.14 | 0.46 |
Taiwan Weighted | 46,128.47 | -202.98 | -0.44 |
