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Asian markets ended mostly in green on Wednesday

12 Nov 2014 Evaluate

Asian markets ended mostly in green on Wednesday, with Chinese shares rallying amid optimism for next week’s exchange link with Hong Kong. Hong Kong is scrapping a daily limit on the amount of yuan residents can buy, helping reinforce its dominance as an offshore trading center for Chinese assets as Shanghai’s stock market opens to the city’s investors. Japanese stocks scaled seven-year highs on Wednesday, putting the rest of Asia in the shade, buoyed by expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile economic recovery. Abe stated that he will make up his mind on the tax increase after assessing the July-September GDP data due next Monday, widely expected to highlight the fragility of the rebound following a sharp contraction in the second quarter. The first increase in the two-stage sale tax hike in April knocked the Japanese economy hard, and markets view a delay in the second-phase of the tax hike as positive for growth. Japanese tertiary industry activity index rose to a seasonally adjusted 1.0%, from -0.1% in the preceding month while Japan’s M2 Money Stock rose to a seasonally adjusted 3.2%, from 3.0% in the preceding month. South Korean Unemployment Rate 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

2494.48

24.80

1.00

Hang Seng

23,938.18

129.90

0.55

Jakarta Composite

5048.84

16.56

0.33

KLSE Composite

1816.24

-8.87

-0.49

Nikkei 225

17197.05

72.94

0.43

Straits Times

 3283.71

-8.44

-0.26

KOSPI Composite

1967.27

4.27

0.22

Taiwan Weighted

8918.95

-115.19

-1.28

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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