Elsewhere in Asia, most markets also ended the day in the red.According to data released by the National Bureau of Statistics on Monday, China's producer price index fell 0.4 per cent from a year earlier. The index was expected to fall 0.8 per cent, according to a median forecast in a Reuters poll. Meanwhile, the consumer price index rose 0.2 per cent from a year earlier in December, the statistics bureau said.
UOB economist Ho Woei Chen said in a note on Monday that there is"possibility for the CPI to dip into the negative again in January and February due to the high base of comparison before rebounding strongly in the second half of the year to bring the annual CPI to 2.5-3.0 per cent this year". "The strength of the recovery is dependent on the energy price trajectory, the recovery in both global demand and the domestic services sector. PPI deflation is also expected to continue narrowing this year along with the higher input prices," he added.
In South Korea, the benchmark Kospi also ended the day lower, shedding 3.73 points or 0.12 per cent to close at 3,148.45.BT is now on Telegram!
Stocks shld study frm technical analysis, emphasize moving fwd with co-investments by re-allocating placements from past 1st wk Y2021 trading interests. Yield many hope upon contracts to the revolving facility, to immediate needs based portfolios. Eyes onto Tuesday closing.