The Asian markets concluded Tuesday’s trade on a mixed note, with Hang Seng Index closing at a five-week high. Shanghai’s new home market continued on a weak trajectory last week despite a rebound in sales of mid- to low-end projects. The purchases of new residential properties, excluding government-subsidized affordable housing, rose 20.6% from the previous seven-day period to 150,800 square meters. The average price for the new homes was 25,860 yuan ($4,171) per square meter, a week-on-week decline of 3.4%. Japan’s All Industries Activity Index rose to a seasonally adjusted 1.5%, from -1.1% in the preceding month. Singaporean GDP fell to a seasonally adjusted 4.9%, from 5.1% in the preceding quarter.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2008.12 | 2.94 | 0.15 |
Hang Seng | 22834.68 | 130.18 | 0.57 |
Jakarta Composite | 4895.96 | -119.04 | -2.37 |
KLSE Composite | 1881.16 | -5.91 | -0.31 |
Nikkei 225 | 14075.25 | 68.81 | 0.49 |
Straits Times | 3265.47 | 3.04 | 0.09 |
KOSPI Composite | 2011.26 | -3.88 | -0.19 |
Taiwan Weighted | 8887.79 | -12.11 | -0.14 |