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Asian markets conclude Monday’s trade mostly in green

02 Jun 2014 Evaluate

The Asian markets concluded Monday’s trade mostly in green, after a gauge of China’s manufacturing expanded at the fastest pace in five months and policymakers said they will cut the reserve requirement ratio for some lenders. Taiwan, China and Hong Kong markets remained shut for the trade today on account of the Dragon Boat Festival. The rupiah hit its weakest level in more than three months after Indonesia unexpectedly reported a trade deficit, leading losses among emerging Asian currencies as investors took profits on May’s gains amid broad strength in the dollar. China’s economy is projected to grow 7.3% this year, which would be the weakest pace since 1990. Expansion slowed to 7.4% in the first quarter from a year earlier, compared with 7.7% in the previous period. The official target for expansion is 7.5%. Chinese Manufacturing PMI rose to an annual rate of 50.8, from 50.4 in the preceding month.

Japanese capital spending rose to an annual rate of 7.4%, from 4.0% in the preceding quarter. Indonesian Inflation rose to a seasonally adjusted 7.32%, from 7.25% in the preceding month while Indonesian Trade Balance fell to a seasonally adjusted -1.97B, from 0.67B in the preceding month. Thai CPI rose to a seasonally adjusted annual rate of 2.62%, from 2.45% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

-

-

-

Hang Seng

-

-

-

Jakarta Composite

4912.09

18.18

0.37

KLSE Composite

1864.25

-9.13

-0.49

Nikkei 225

14935.92

303.54

2.07

Straits Times

 3302.24

6.39

0.19

KOSPI Composite

2002.00

7.04

0.35

Taiwan Weighted

-

-

-

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