Markets mixed, Asia could see better returns in 2016

Markets were mixed on Monday.

The S&P 500 fell 0.5 percent to trim its gain for November to just 0.05 percent.

The STOXX Europe 600 rose 0.5 percent on Monday to finish November with a gain of 2.7 percent.

In Asia, the Shanghai Composite Index rose 0.3 percent on Monday after a volatile session to finish the month with a gain of 1.9 percent while Japan’s Nikkei Stock Average fell 0.7 percent on Monday but gained 3.5 percent for the month.

Asian markets' gains are likely to continue in 2016, according to Credit Suisse strategists Sakthi Siva and Kin Nang Chik.

They say that after the expected impending rate hike by the Federal Reserve, Asian equities could rally as they did in the six months after the first US tightening in 1994 and 2004.

They also say that Asian equities have become cheap and return on equity may be bottoming.