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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