The Asian markets concluded Monday’s trade mostly in green, with Chinese stock closing flat in quiet trade as investors await the release of Chinese economic data later in the week. Indonesia’s rupiah gained the most since December as local stocks rallied on speculation investors are positioning for Joko Widodo to win next week’s election after he performed strongly in the final leaders’ debate. IMF chief Christine Lagarde stated that global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, hinting at a slight cut in the fund’s growth forecasts. Lagarde estimated that growth in China this year would be between 7% and 7.5%. Japan’s index of leading economic indicators rose to a seasonally adjusted 105.7.Taiwanese Trade Balance fell to a seasonally adjusted annual rate of 1.89B, from 5.29B in the preceding month. Philippines CPI rose to a seasonally adjusted annual rate of 0.4%, from 0.5% in the preceding quarter.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2059.93 | 0.55 | 0.03 |
Hang Seng | 23540.92 | -5.44 | -0.02 |
Jakarta Composite | 4989.03 | 83.21 | 1.70 |
KLSE Composite | 1892.50 | 7.59 | 0.40 |
Nikkei 225 | 15379.44 | -57.69 | -0.37 |
Straits Times | 3291.57 | 19.32 | 0.59 |
KOSPI Composite | 2005.12 | -4.54 | -0.23 |
Taiwan Weighted | 9520.20 | 10.15 | 0.11 |