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Asian markets conclude Monday’s trade on mixed note

26 May 2014 Evaluate

The Asian markets concluded Monday’s trade on a mixed note, with the regional gauge poised for the highest close in almost six months, tracking US markets and after a decisive win for billionaire Petro Poroshenko in Ukraine’s presidential election. Three of the Bank of Japan’s nine board members wanted to separately revise growth and inflation outlooks, including emphasizing downside risks and setting a timeframe for easing, minutes of the April 30 policy meeting showed. Takahide Kiuchi and Takehiro Sato repeated objections to the outlook that inflation will be raised to and anchored around 2% in 2015. According to the Shanghai Statistics Bureau, foreign direct investment in Shanghai expanded 8.3% from a year earlier in April to $1.74 billion. The pace slowed from an increase of 14.2% in March but was better than the national average of a 3.4% rise last month. Singaporean Industrial Production fell to an annual rate of 4.6%, from 12.1% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2041.48

6.91

0.34

Hang Seng

22963.18

-2.68

-0.01

Jakarta Composite

4963.93

-9.13

-0.18

KLSE Composite

1862.80

-6.42

-0.34

Nikkei 225

14602.52

140.35

0.97

Straits Times

 3282.88

4.86

0.15

KOSPI Composite

2010.35

-6.82

-0.34

Taiwan Weighted

9036.12

27.90

0.31