Asian markets ended mostly higher on Monday supported by strong AI-fuelled global demand for semiconductors and cooling crude oil prices amid hopes of a diplomatic path to de-escalate the US-Iran conflict. Chinese shares gained as the People’s Bank of China kept its benchmark lending rates unchanged for a 16th consecutive month at record lows. Market sentiments were also supported by positive signals from US-China trade talks ahead of a summit between US President Donald Trump and Chinese President Xi Jinping later this week. Meanwhile, trading volumes across the region remained notably thin as Japanese markets were closed for a three-day holiday weekend ending September 23.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,949.91 | 38.04 | 0.97 |
Hang Seng | 25,042.71 | 291.93 | 1.18 |
Jakarta Composite | 6,384.73 | -56.43 | -0.88 |
KLSE Composite | 1,666.94 | 1.38 | 0.08 |
Nikkei 225 | -- | -- | -- |
Straits Times | 5,675.23 | 19.12 | 0.34 |
KOSPI Composite | 7,007.72 | 113.49 | 1.65 |
Taiwan Weighted | 47,718.84 | 538.09 | 1.14 |
