Asian markets ended mostly in green on Monday, as regulators stated that a stock-trading link between Hong Kong and Shanghai will start next week. China’s annual consumer inflation remained near a five-year low in October at 1.6%, further evidence that the world’s second-largest economy is cooling and reinforcing expectations that authorities will roll out more measures to support growth. Chinese PPI fell to an annual rate of -2.2%, from -1.8% in the preceding month while, Chinese CPI remained unchanged at an annual rate of 1.6% compared to the preceding month. Annual growth in China’s exports and imports slowed in October, reinforcing signs of fragility in the world’s second-largest economy that could prompt policymakers to roll out more stimulus measures. Chinese Trade Balance rose to 45.41B, from 31.00B in the preceding month. China’s President Xi Jinping appeared to signal his country’s economic growth rate may continue to slow in the coming year. He however added that even a growth rate of about 7 percent will put China among the top performers in the world in terms of both speed and size.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2473.67 | 55.50 | 2.30 |
Hang Seng | 23,744.70 | 194.46 | 0.83 |
Jakarta Composite | 4965.39 | -22.04 | -0.44 |
KLSE Composite | 1827.93 | 3.74 | 0.21 |
Nikkei 225 | 16780.53 | -99.85 | -0.59 |
Straits Times | 3301.00 | 14.61 | 0.44 |
KOSPI Composite | 1958.23 | 18.36 | 0.95 |
Taiwan Weighted | 9049.98 | 137.36 | 1.54 |