The Asian markets concluded Thursday’s trade mostly in green with regional markets like Singapore Stock Exchange, Jakarta Stock Exchange and Hong Kong Stock Exchange remained closed on account of Good Friday holiday. The International Monetary Fund stated that South Korea’s won was estimated to be undervalued by as much as 8%, as the country has tended to be more active intervening against the won’s appreciation. Japanese tertiary industry activity index fell to a seasonally adjusted -1.0%, from 0.2% in the preceding month whose figure was revised down from 0.9%. China’s economy expanded 7.4% between January and March, its slowest pace in 18 months, prompting the government to act quickly to shore up growth. Average new home prices in China’s 70 major cities rose 7.7% in March from a year earlier, easing from the previous month’s 8.7% rise. In month-on-month terms, prices rose 0.2% in March, slowing from February’s rise of 0.3%. The National Bureau of Statistics stated that new home prices in Beijing rose 10.3% in March from a year earlier, compared with February’s increase of 12.2%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2097.75 | -1.14 | -0.05 |
Hang Seng | - | - | - |
Jakarta Composite | - | - | - |
KLSE Composite | 1852.69 | 2.15 | 0.12 |
Nikkei 225 | 14516.27 | 98.74 | 0.68 |
Straits Times | - | - | - |
KOSPI Composite | 2004.28 | 12.23 | 0.61 |
Taiwan Weighted | 8966.66 | 22.50 | 0.25 |