The Asian markets concluded Thursday’s trade mostly in red, while Jakarta Stock Exchange was closed on account of ‘Ascension Day’ holiday. China consumer sentiment rose for the second consecutive month in May amid growing confidence that authorities will take action to support growth. The Westpac MNI China Consumer Sentiment Indicator increased to 121.2 this month from 117.3 in April, showing an improvement after three straight months of declines. China’s industrial profits rose 10% in the first four months from a year earlier, easing from last year’s 11.4% - indications that the economic growth continued to slow. The profits totaled 1.76 trillion yuan ($282 billion) in the January-April period, with 30 industries of the 41 being tracked reporting higher earnings. Japanese retail sales fell to a seasonally adjusted annual rate of -4.4%, from 11.0% in the preceding month. South Korea’s current account surplus narrowed to $7.12 billion in April from a revised $7.29 billion in March. Philippines GDP fell to a seasonally adjusted annual rate of 5.7%, from 6.5% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % | Shanghai Composite | 2040.60 | -9.63 | -0.47 | Hang Seng | 23010.14 | -69.89 | -0.30 | Jakarta Composite | - | - | - | KLSE Composite | 1876.62 | 4.96 | 0.27 | Nikkei 225 | 14681.72 | 10.77 | 0.07 | Straits Times | 3300.71 | 28.87 | 0.88 | KOSPI Composite | 2012.26 | -4.80 | -0.24 | Taiwan Weighted | 9109.00 | -12.71 | -0.14 |
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