Asian markets ended mostly in green on Friday, with Japan’s index rising as investors await a report on economic growth amid speculation Prime Minister Shinzo Abe plans to delay a sales-tax increase and call an election. South Korea’s central bank kept its policy interest rate steady as widely expected, to assess the effects of this year’s two rate cuts as well as policy decisions in the United States and Japan. The Bank of Korea’s monetary policy committee left its base rate unchanged at 2 percent. Singapore’s housing market may face fire sales with mortgage defaults as the government’s property curbs hurt home sales and prices. Singapore’s private home prices fell 0.7 percent in the three months ended September, the fourth quarter-on-quarter drop, bringing the slide in the past year to almost 4 percent. That’s the longest losing streak since 2009, when the government started introducing measures, with some of the strictest implemented last year, including a cap on debt. Singaporean Retail Sales rose to a seasonally adjusted 5.5%, from 5.4% in the preceding month. Indonesia central bank stated that the country posted a balance of payments surplus of $6.5 billion during July to September, bigger than the $4.3 billion surplus it had in April-June. Malaysian GDP fell to a seasonally adjusted 5.6%, from 6.4% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2478.82 | -6.78 | -0.27 |
Hang Seng | 24087.38 | 67.44 | 0.28 |
Jakarta Composite | 5049.49 | 0.82 | 0.02 |
KLSE Composite | 1813.79 | -2.02 | -0.11 |
Nikkei 225 | 17490.83 | 98.04 | 0.56 |
Straits Times | 3315.67 | 10.74 | 0.32 |
KOSPI Composite | 1945.14 | -15.37 | -0.78 |
Taiwan Weighted | 8982.88 | 2.21 | 0.02 |
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