Asian Markets Started the Week on a Stronger Note


Dec. 18 2017, Updated 7:52 a.m. ET

Economic calendar

6:00 AM EST – UK CBI Industrial Trends Orders (December)

11:00 AM EST – US three-month bill auction

11:00 AM EST – US six-month bill auction

7:00 PM EST – Japan ten-year JGB auction

Article continues below advertisement


After falling for five consecutive trading weeks, China’s Shanghai Composite Index started this week on a stable note. The Shanghai Composite Index opened higher on Monday but traded in a range and closed the day flat.

Market sentiment

The market sentiment was strong at the beginning of last week due to upbeat new loans data. However, the market lost strength as the week progressed amid the dented sentiment. The sentiment improved on Monday following the release of house prices data. According to the National Bureau of Statistics, China’s house prices rose 5.1% in November. There are concerns about liquidity in the market because central banks increased the interbank market rates.

The Shanghai Composite Index rose 0.05% and closed the day at 3,267.92 on Monday. The SPDR S&P China (GXC) fell 0.41% on December 15.

Article continues below advertisement

Hong Kong

After a brief recovery last week, Hong Kong’s Hang Seng Index started this week on a stronger note by opening higher on Monday. The market moved higher today amid increased optimism about progress in US tax reform plans. Amid strength in the financials sector, the Hang Seng Index rose 0.7% on December 18 and closed the day at 29,050.41. The iShares MSCI Hong Kong (EWH) rose 0.28% on December 15.


After falling for four trading weeks, Japan’s Nikkei Index started this week on a stronger note. The Nikkei Index opened higher on Monday and rose to one-week high levels. The rally in US markets on Friday and improved global market sentiment boosted the Nikkei Index on Monday. On December 18, the Nikkei Index rose 1.6% and closed the day at 22,901.77. The iShares MSCI Japan (EWJ) rose 0.05% on December 15.

In the next part, we’ll discuss how European markets performed in the early hours on December 18.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.