The Asian markets concluded Monday’s trade mostly in red, while Japan’s Stock Exchange was closed today on account of ‘Japan - Marine Day’ holiday. Chinese brokerages, undeterred by the worst performance among the world’s major stock markets, are seeking to raise more than $6.2 billion from initial public offerings as capital constraints squeeze their operations. The number of Chinese cities registering month-on-month decline in home prices rose to 55 in June from 35 in May as the country’s housing market continued to cool down. Prices were flat in seven cities last month and gained in eight. On a year-on-year basis, home prices rose in 69 of the 70 cities in June, the 14th consecutive month with one city’s housing price falling. In Hong Kong, the Quarterly Business Tendency Survey has found that 17% of the senior management of 560 prominent companies expect their business situation to improve this quarter over the second quarter. The Census & Statistics Department stated that 11% of respondents expect the business situation to worsen. The proportion of respondents expecting their business situation to remain unchanged increased from 69% to 72%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2054.48 | -4.59 | -0.22 |
Hang Seng | 23387.14 | -67.65 | -0.29 |
Jakarta Composite | 5127.13 | 40.11 | 0.79 |
KLSE Composite | 1868.64 | -4.33 | -0.23 |
Nikkei 225 | - | - | - |
Straits Times | 3314.27 | 3.74 | 0.11 |
KOSPI Composite | 2018.50 | -0.92 | -0.05 |
Taiwan Weighted | 9440.97 | 40.00 | 0.43 |