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Asian markets end in green on Thursday

26 Jun 2014 Evaluate

The Asian markets concluded Thursday’s trade in green, amid optimism that US economy is emerging from a worse-than-estimated contraction last quarter. Confidence among Chinese consumers fell to the lowest level in nearly a year this month despite signs that measures taken by Chinese authorities have bolstered the economy. The Westpac MNI China Consumer Sentiment Index fell 7 percent to 112.6 in June. While sentiment remained above the break even 100 mark, meaning optimists still outnumbered pessimists, confidence has not been this low since July 2013. China has seen slowing growth in local government debts since the middle of last year. The balance of debts for the nine provincial governments and nine city governments audited by the National Audit Office grew by an average of 3.79 percent from the end of June last year to the end of March. Hong Kong Trade Balance rose to a seasonally adjusted -42.4B, from -55.3B in the preceding month. Singaporean Industrial Production fell to an annual rate of -2.5%, from 5.3% in the preceding month whose figure was revised up from 4.6%.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2038.68

13.18

0.65

Hang Seng

23197.83

331.13

1.45

Jakarta Composite

4872.42

33.44

0.69

KLSE Composite

1889.97

0.42

0.02

Nikkei 225

15308.49

41.88

0.27

Straits Times

 3278.57

17.03

0.52

KOSPI Composite

1995.05

13.28

0.67

Taiwan Weighted

9320.94

78.78

0.85

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