Asian markets ended mostly lower on Monday as surging crude price and bond yields weighed on investors sentiments. The Brent crude oil prices have surged past $107 a barrel mark after US President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz. He has also threatened to attack Iran after US mid-term elections. Further, the high crude oil prices have sparked worries about soaring inflation and tougher monetary policies by central banks. Besides, Hawkish outlook by Bank of Japan and global macro-economic headwinds have made market participants nervous. Moreover, Chinese tech shares fell to a 13-month low due to fears of new US sanctions on local transceiver makers and on rumour that Beijing might let companies buy Nvidia chips. Meanwhile, Taiwanese market remained closed for teacher's day.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,823.62 | -64.75 | -1.67 |
Hang Seng | 24,642.51 | 132.42 | 0.54 |
Jakarta Composite | 6,147.86 | -94.03 | -1.53 |
KLSE Composite | 1,670.02 | -1.60 | -0.10 |
Nikkei 225 | 65,877.62 | -486.58 | -0.73 |
Straits Times | 5,729.02 | 17.90 | 0.31 |
KOSPI Composite | 6,889.74 | -191.18 | -2.77 |
Taiwan Weighted | -- | -- | -- |
