The Asian markets concluded Tuesday’s trade mostly in green, tracking cues from Wall Street where the major averages ended on a strong note overnight. Malaysia and Singapore markets remained shut for the trade today on account of Wesak Day holiday. Shares in the Philippines and Indonesia rose to their highest in 11 months following other Asian markets as investors shrugged off tensions in Ukraine. Indonesia sold 10 trillion rupiah ($867.30 million) of conventional bonds at an auction, higher than an indicative target of 8 trillion rupiah. Japan’s M2 Money Stock fell to a seasonally adjusted 3.4%, from 3.6% in the preceding month whose figure was revised up from 3.5%.
China’s fiscal revenue climbed 9.2% year on year in April to reach 1.25 trillion yuan ($202.92 billion). The central government revenue reached 581.2 billion yuan, up 8.5% year on year, while local government revenue stood at 666.9 billion yuan, up 9.8% from the same period last year. Chinese Industrial Production fell to 8.7%, from 8.8% in the preceding month while Chinese Retail Sales fell to an annual rate of 11.9%, from 12.2% in the preceding month. Chinese Fixed Asset Investment fell to a seasonally adjusted 17.3%, from 17.6% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2050.73 | -2.14 | -0.10 |
Hang Seng | 22352.38 | 90.77 | 0.41 |
Jakarta Composite | 4921.40 | 8.40 | 0.17 |
KLSE Composite | - | - | - |
Nikkei 225 | 14425.44 | 275.92 | 1.95 |
Straits Times | - | - | - |
KOSPI Composite | 1982.93 | 17.99 | 0.92 |
Taiwan Weighted | 8817.94 | 9.33 | 0.11 |