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Asian markets conclude Thursday’s trade mostly in red

29 May 2014 Evaluate

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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