Asian markets ended mixed on Wednesday, with Chinese market extending losses amid fading interest in the equity-trading link with Hong Kong. The Bank of Japan board voted 8 to 1 to leave the policy target unchanged with board member Takahide Kiuchi arguing that the pace of monetary easing before the October 31 expansion was more appropriate. The board maintained its cautious growth and inflation outlook presented some three weeks ago. It added that inflation as measured by the core CPI, excluding the direct impact of sales tax increase, is likely to stay around the current level of 1% for the time being. The BoJ didn’t have any idea about when consumer prices will begin to pick up. The BoJ will continue to increase its purchases of Japanese government bonds at an annual pace of about Y80 trillion. Japan’s index of leading economic indicators rose to a seasonally adjusted 105.6, compared to the preceding month. Japan’s All Industries Activity Index rose to a seasonally adjusted 1.0%, from -0.1% in the preceding month.
Indonesia’s total foreign outstanding debt rose 11% to $292.3 billion at the end of September from $262.9 billion in the same period last year, on back of rising private sectors debts that bears lower interest rates abroad compared to domestic loans. The private sector bore $159.3 billion of offshore debts, up 14% from $139.7 billion in 2013. Bank Indonesia raised its key interest rate by 25 basis points to 7.75% and lending facility rate by 50 basis points to 8%, to anchor inflation expectations after the government increased the price of subsidized fuel by more than 30%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2450.99 | -5.38 | -0.22 |
Hang Seng | 23373.31 | -155.86 | -0.66 |
Jakarta Composite | 5127.93 | 25.47 | 0.50 |
KLSE Composite | 1824.39 | 6.01 | 0.33 |
Nikkei 225 | 17288.75 | -55.31 | -0.32 |
Straits Times | 3334.56 | 20.83 | 0.63 |
KOSPI Composite | 1966.87 | -0.14 | -0.01 |
Taiwan Weighted | 8963.24 | 104.17 | 1.18 |
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