Most of the Asian markets extended their recent gains on the back of sustained hope that Europe will take further action to tackle its debt crisis and the United States and China will adopt stimulus measures to support recovery. However, opposition from German leaders for bond buying programmes capped the gains. Meanwhile, some important triggers for market this week will be China's inflation reports and trade balance, among other Chinese data, due on Thursday and Friday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,157.62 | 2.70 | 0.13 |
Hang Seng | 20,072.55 | 73.83 | 0.37 |
Jakarta Composite | 4,085.58 | -19.92 | -0.49 |
KLSE Composite | 1,631.12 | -8.31 | -0.51 |
Nikkei 225 | 8,803.31 | 77.02 | 0.88 |
Straits Times | 3,067.74 | -4.08 | -0.13 |
KOSPI Composite | 1,886.80 | 0.92 | 0.05 |
Taiwan Weighted | 7,295.46 | 9.13 | 0.13 |