MoneyWorks4Me

Asian markets end mostly in green on Wednesday

17 Dec 2014 Evaluate

The Asian equity benchmarks ended mostly in green on Wednesday, with China’s benchmark stock index rose to a four-year high amid speculation the government will loosen monetary policy and ease capital requirements that may allow brokerages to boost margin lending. Japan’s exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen as slowing demand in Asia and Europe dampened trade. The 4.9 percent rise in exports was much weaker slowing from a 9.6 percent gain in October. Weakness in exports could compound April’s sales tax rise which pushed the economy into a recessionary second quarter of contraction through September. Japan’s trade balance rose to a seasonally adjusted -0.93T, from -0.99T in the preceding month whose figure was revised down from -0.98T.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,061.02

39.50

1.31

Hang Seng

22,585.84

-84.66

-0.37

Jakarta Composite

5,035.65

9.62

0.19

KLSE Composite

1,681.90

7.96

0.48

Nikkei 225

16,819.73

64.41

0.38

Straits Times

3,227.23

12.14

0.38

KOSPI Composite

1,900.16

-3.97

-0.21

Taiwan Weighted

8,828.36

-122.55

-1.37

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