Asian markets start week with mixed performance

Asian stocks were mixed on Monday, with Southeast Asian markets rising while Hong Kong and Thailand saw losses.

Shanghai Stock Exchange Composite index inched up marginally by 0.03 per cent, recording 2,971.3. This represents a slight increase from its latest closing of 2,970.39.

Hong Kong’s Hang Seng index opened on a downbeat note, slipping 1.37 per cent to 18,042.18 early in the day. This decline comes after the previous close of 18,202.48.

Similarly, the Stock Exchange of Thailand (SET) index also fell 0.65 per cent, reaching 1,323.36 compared to its previous close of 1,332.04.

Kuala Lumpur Stock Exchange’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index advanced 0.43 per cent to reach 1,626.1 by 9:29 am. This increase comes after Friday’s closing figure of 1,619.06.

The Philippine Stock Exchange (PSE) index defied the mixed sentiment in Asian markets today, edging up by 1.12 per cent to reach 6,722.65. This marks a positive gain compared to Friday’s closing figure of 6,648.23.

Vietnam’s Hanoi Stock Exchange (HNX) saw a slight dip. The HNX 30 index, which monitors the top 30 companies on the exchange, reached 541.26, down 0.31 per cent from Friday’s close of 542.93.

Notably, there was no trading on the Nikkei 225, with Japan’s markets closed for the Marine Day holiday.