Asian markets ended mostly in red on Friday, with Chinese stocks closing in red before the release of trade data scheduled for tomorrow. Meanwhile, China’s central bank has published details on its latest tool to provide liquidity as banks see a rate cut as unlikely. The People’s Bank of China confirmed it pumped 769.5 billion yuan ($126 billion) into the country’s lenders in the last two months through a newly-created medium-term lending facility. The PBOC injected 500 billion yuan in September and another 269.5 billion yuan in October via the facility -- all termed at three months with an interest rate of 3.5%. On the other hand the Nikkei posted over half a percent of gains with Japanese companies heading towards their highest profits ever, as the falling yen boosts exporters. As the earnings season winds down in Japan -- almost all companies will have reported results by next week -- exporters are emerging as one of the biggest beneficiaries of Prime Minister Shinzo Abe’s economic policies. Taiwanese Trade Balance rose to a seasonally adjusted annual rate of 4.62B, from 3.50B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2418.17 | -7.69 | -0.32 |
Hang Seng | 23,550.24 | -99.07 | -0.42 |
Jakarta Composite | 4987.42 | -46.81 | -0.93 |
KLSE Composite | 1824.19 | -7.79 | -0.43 |
Nikkei 225 | 16880.38 | 87.90 | 0.52 |
Straits Times | 3286.39 | -4.57 | -0.14 |
KOSPI Composite | 1939.87 | 3.39 | 0.18 |
Taiwan Weighted | 8912.62 | 21.60 | 0.24 |
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