Asian markets ended mostly in red on Thursday, as a rising yen dragged Japan’s indices lower, ahead of the release of industrial output and inflation data for July. The value of mergers and acquisitions in China hit a record in the first half of this year. The M&A deals, including domestic, outbound and inbound, rose 19% from the same period a year ago to $183 billion, while the number of deals was flat at 2,648. The National Bureau of Statistics stated that China’s industrial profits rose 13.5% in July after climbing 17.9% in June, the fastest pace since September. Hong Kong Retail Sales rose to a seasonally adjusted annual rate of -3.1%, from -6.9% in the preceding month. Philippines GDP rose to a seasonally adjusted annual rate of 6.4%, from 5.6% in the preceding month whose figure was revised down from 5.7%. The latest data bolsters expectations the central bank will follow up on July’s rate hike - the first in three years - as early as next month to stay on top of rising prices.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2195.82 | -13.65 | -0.62 |
Hang Seng | 24741.00 | -177.75 | -0.71 |
Jakarta Composite | 5184.48 | 19.23 | 0.37 |
KLSE Composite | 1875.68 | 3.30 | 0.18 |
Nikkei 225 | 15459.86 | -74.96 | -0.48 |
Straits Times | 3330.22 | -11.24 | -0.34 |
KOSPI Composite | 2075.76 | 0.83 | 0.04 |
Taiwan Weighted | 9478.37 | -7.22 | -0.08 |
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