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Asian markets conclude Monday’s trade mostly in red

19 May 2014 Evaluate

The Asian markets concluded Monday’s trade mostly in red, as investors await the release of key manufacturing data from China later in the week. China’s top economic planning agency stated that the country will try to quicken the pace of economic reform this year as part of the government’s efforts to arrest a slowdown in the world’s second-largest economy. The National Development and Reform Commission reaffirmed nine reform priorities for 2014, including deepening reforms in the power and the oil and gas industries and cutting red tape for investment approvals. Japan’s Core Machinery Orders rose to 19.1%, from -8.8% in the preceding month. Hong Kong Unemployment Rate remained unchanged at a seasonally adjusted 3.1%, as of the preceding month. Malaysian GDP rose to a seasonally adjusted 6.2%, from 5.1% in the preceding month. Thailand’s gross domestic product fell less-than-expected last month. Thai GDP fell to a seasonally adjusted -0.6%, from 0.6% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2005.18

-21.32

-1.05

Hang Seng

22704.50

-8.41

-0.04

Jakarta Composite

5015.00

-16.58

-0.33

KLSE Composite

1887.07

3.73

0.20

Nikkei 225

14006.44

-90.15

-0.64

Straits Times

 3262.43

-0.16

-

KOSPI Composite

2015.14

1.70

0.08

Taiwan Weighted

8899.90

11.45

0.13

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