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Asian markets conclude Tuesday’s trade mostly in green

29 Apr 2014 Evaluate

The Asian markets concluded Tuesday’s trade mostly in green with Hong Kong shares jumping on bargain-hunting following a rebound on Wall Street, while investors await the release of key economic data later in the week. Japanese market has been closed for the day on account of ‘Showa Day’ holiday. The International Monetary Fund revised its forecast of China’s economic growth to 7.5% for this year and 7.3% in 2015 but it warned the slowdown in the country’s economy was sharper than envisaged despite the upward adjustment. But the revision in both growth figures marked a rise of 0.3% points from the previous forecast in October. Homebuyers and real estate developers in Shanghai retained their positive sentiment last week despite an overall weakness in the market. The purchases of new homes, excluding government-subsidized affordable housing, rose 7% week on week to 196,400 square meters, up for the second straight week.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2020.34

16.85

0.84

Hang Seng

22453.89

321.36

1.45

Jakarta Composite

4819.68

0.92

0.02

KLSE Composite

1859.34

3.60

0.19

Nikkei 225

-

-

-

Straits Times

 3237.74

-4.97

-0.15

KOSPI Composite

1964.77

-4.49

-0.23

Taiwan Weighted

8872.11

62.40

0.71

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