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Asian markets made a mixed closing on Monday

12 Dec 2011 Evaluate

The Asian markets made a mixed closing on Monday, though most of the indices closed in green, some others lost their momentum after a positive start. The Chinese market remained in somber mood since beginning on concern of slowdown in growth after the government said it will maintain property curbs next year. The central bank set the strongest reference rate in a month. However, Chinese Premier Wen Jiabao and officials are meeting to map out economic policies for 2012 and may add more stimulus after a report of shrinking trade surplus showed Europe’s debt crisis hitting exports.

Hang Seng reversed all its gains and closed marginally in red on report of weakening global economy. However, Japanese markets surged by over a percent as shares of exporters gained on confidence improvement among consumers in the US.

Stock market in Malaysia remained closed on Monday.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,291.54

-23.73

-1.02

Hang Seng

18,575.66

-10.57

-0.06

Jakarta Composite

3,792.15

32.54

0.87

Nikkei 225

8,653.82

117.36

1.37

Straits Times

2,701.72

7.12

0.26

Seoul Composite

1,899.76

25.01

1.33

Taiwan Weighted

6,949.04

55.74

0.81

KLSE Composite

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