Asian markets ended mixed on Monday, with China’s stocks falling for a fifth day, posting the benchmark index’s longest losing streak this year. The People’s Bank of China monetary policy advisory committee stated that China’s economic growth will slow to 7.2% in the current quarter, down from the previous three months, as domestic demand weakens. The nation’s economy will probably expand 7.3% next year. This view contrasts with a prediction by a state research institute, which expects 7% growth in 2015 unless the central government imposes stronger-than-expected stimulus measures. Indonesia’s deputy central bank governor stated that loan growth in the country may be lower than 15% this year and is seen between 15% and 17% next year. Loan growth is declining because of lower liquidity in Indonesia’s banking sector. Hong Kong Trade Balance fell to a seasonally adjusted -50.4B, from -31.5B in the preceding month. Japan’s corporate services price index (CSPI) remained unchanged at a seasonally adjusted annual rate of 3.5%, compared to the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2290.44 | -11.84 | -0.51 |
Hang Seng | 23,143.23 | -158.97 | -0.68 |
Jakarta Composite | 5024.29 | -48.78 | -0.96 |
KLSE Composite | 1823.15 | 4.29 | 0.24 |
Nikkei 225 | 15,388.72 | 97.08 | 0.63 |
Straits Times | 3226.11 | 3.56 | 0.11 |
KOSPI Composite | 1931.97 | 6.28 | 0.33 |
Taiwan Weighted | 8627.78 | -18.23 | -0.21 |
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