Asian stock markets close Monday higher except for China

ANKARA 

Major Asian stock markets were higher at Monday’s close except for China ahead of Federal Reserve Chair Jerome Powell’s testimony on Tuesday.

The Asia Dow, which includes blue-chip companies in the region, rose 0.99% to 3,387 points.

Tokyo’s Nikkei 225 gained 1.11% to close at 28,237.78 points, fueled by rally in Japanese technology stocks.

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, increased 0.17% to 20,603.19 points.

China’s Shanghai Stock Exchange, on the other hand, fell 0.19% to close at 3,322.03 after Beijing’s modest economic growth target for this year disappointed market.

The Chinese government on Sunday announced a growth target of 5% this year, lower than last year’s target of 5.5%. Beijing also pledged to minimize risks in the property sector.

The Singapore index climbed 0.23% to end the day at 3,239.31 points.

India’s Sensex benchmark hiked 0.69% to close at 60,224.46 as confidence in Adani Group assets recovered.

• Adani Group
• Asian stock markets
• China