Asian markets ended mostly in green on Wednesday, amid speculation that Europe’s central bank would add stimulus. Malaysian Stock Exchange and Singapore Stock Exchange were closed today on account of ‘Deepavali’ holiday. Chinese Premier Li Keqiang stated that the country’s economy for the first three quarters of this year has remained within a reasonable range, accompanied by some positive and profound changes. Acknowledging improvement in structural optimization, employment and energy conservation, Li enlightened that new impetus for the economy have gathered speed, resulting from streamlining administration, delegating powers and other reformative measures. Japan’s three biggest banks may need to raise as much as about $100 billion of capital that can be written down in a crisis to meet proposed global rules for lenders deemed too big to fail. Japan’ trade balance fell unexpectedly last month. The country’s trade balance fell to a seasonally adjusted -1.07T, from -0.91T in the preceding month whose figure was revised up from -0.92T.
Indonesian banks have enough capital to withstand as much as a 25% drop in government bonds price in the event of foreign capital outflow, according to the latest stress test by the central bank released. The stress test was conducted earlier this month to see the impact of declining assets value and a weakening rupiah to the banks balance sheet.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2326.55 | -13.10 | -0.56 |
Hang Seng | 23,403.97 | 315.39 | 1.37 |
Jakarta Composite | 5074.32 | 44.98 | 0.89 |
KLSE Composite | - | - | - |
Nikkei 225 | 15,195.77 | 391.49 | 2.64 |
Straits Times | - | - | - |
KOSPI Composite | 1936.97 | 21.69 | 1.13 |
Taiwan Weighted | 8748.83 | 94.19 | 1.09 |
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