Asian markets ended mostly in red on Tuesday, while Hong Kong market closed in green after agreement on formal talks between protesters and Hong Kong officials boosted shares in the city. The Bank of Japan maintained its record stimulus as the yen traded near a six-year low and economists pushed back forecasts for further monetary easing. The central bank kept its pledge to increase the monetary base at an annual pace of 60 trillion yen to 70 trillion yen ($643 billion). The central bank projects prices to rise in the midterm and some BOJ board members believe it wouldn’t be appropriate to trigger a more rapid weakening of the currency with more stimulus now. Japan’s index of leading economic indicators rose to a seasonally adjusted 104.0, from 105.4 in the preceding month.
Sales at major Hong Kong retailer chains have fallen as much as 50 percent during the bulk of the Chinese National Day holidays after pro-democracy protests disrupted the shopping season. The Hong Kong Retail Management Association stated that sales dropped at least 15 percent during the first five days of the holidays known as Golden Week, versus a year earlier. Taiwanese Trade Balance fell to a seasonally adjusted annual rate of 3.50B, from 4.11B in the preceding month while Taiwanese CPI fell to a seasonally adjusted annual rate of 0.72%, from 2.07% in the preceding quarter. Malaysian Trade Balance rose to 3.86B, from 3.60B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | 23,422.52 | 107.48 | 0.46 |
Jakarta Composite | 5032.84 | 32.70 | 0.65 |
KLSE Composite | 1833.54 | -7.28 | -0.40 |
Nikkei 225 | 15783.83 | -107.12 | -0.67 |
Straits Times | 3243.99 | -9.25 | -0.28 |
KOSPI Composite | 1972.91 | 4.52 | 0.23 |
Taiwan Weighted | 9040.81 | -54.33 | -0.60 |
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