Asian markets ended mostly in red on Monday, as investors worried about global economic health. Japanese market remained shut for the trade today on account of ‘Health-Sports Day’ holiday. Chinese exports increased 15.3% from a year earlier compared with the 12% median estimate. Imports rose 7%, against projections for a 2% decline, leaving a trade surplus of $31 billion. China will release inflation data on October 15, while money supply data is scheduled for today. Indonesia’s vice finance minister stated that the country’s current account deficit shrank in the third quarter of this year to around 3% of gross domestic product. The balance of payments will be a surplus of around $6 billion. The current account deficit was 4.27% of GDP in the second quarter. The government and Bank Indonesia expects a smaller deficit for full year 2014 of around 3.2% of GDP. Chinese Trade Balance fell to 31.00B, from 49.83B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2366.01 | -8.53 | -0.36 |
Hang Seng | 23,143.38 | 54.84 | 0.24 |
Jakarta Composite | 4913.06 | -49.91 | -1.01 |
KLSE Composite | 1797.20 | -11.68 | -0.65 |
Nikkei 225 | - | - | - |
Straits Times | 3202.15 | -21.72 | -0.67 |
KOSPI Composite | 1927.21 | -13.71 | -0.71 |
Taiwan Weighted | 8711.39 | -255.05 | -2.84 |