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Asian markets end mostly in red on Friday

04 Jul 2014 Evaluate

The Asian markets concluded Friday’s trade mostly in red, with profit-taking wiping out early gains that came in response to a surge in US jobs in June and a record close on Wall Street. A measure of expected fluctuations in Indonesian rupiah’s jumped to a four-month high as the race for the presidency tightened before next week’s election. Service activity in China’s state-owned enterprises grew at a slower pace in June but their private counterparts performed at their strongest in 15 months. The official non-manufacturing Purchasing Managers’ Index, compiled by the China Federation of Logistics and Purchasing which weighs toward state-owned enterprises, fell to 55 last month from 55.5 in May. Investment in Shanghai’s real estate market in the first six months slumped 14% year on year but the downturn is set to accelerate in the second half. The transaction value of all major real estate deals - those worth at least $10 million - in the January to June period was $15.7 billion, down from $18.3 billion in the first half of last year. Malaysian Trade Balance fell to 5.72B, from 8.90B in the preceding month. Philippines CPI rose to a seasonally adjusted annual rate of 0.4%.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2059.38

-3.85

-0.19

Hang Seng

23546.36

14.92

0.06

Jakarta Composite

4905.83

17.09

0.35

KLSE Composite

1884.91

-3.78

-0.20

Nikkei 225

15437.13

88.84

0.58

Straits Times

 3272.25

-0.90

-0.03

KOSPI Composite

2009.66

-1.31

-0.07

Taiwan Weighted

9510.05

-16.18

-0.17

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