The Asian equity benchmarks ended mostly in green on Tuesday, with China’s stocks closing down, sending the benchmark index down by the most in two weeks, amid concern that recent gains were excessive and a slowing economy will curb earnings growth. Japan’s Stock Exchange was closed on account of ‘Emperor’s Birthday’ holiday. China’s private sector suitors are set to drive another strong year of Asian mergers and acquisitions in 2015 after deals hit a record this year, with consumer retail, financial services and technology seen as the most active sectors for deal-making. The IMF in its report stated that the recent drop in oil prices should persist, helping to boost global economic activity by up to 0.7% points next year. Lower oil prices should boost China’s gross domestic product growth by 0.4 to 0.7% points. In 2016, it could mean an extra 0.5 to 0.9% points of growth. Singapore’s headline inflation rate in November may turn negative for the first time in five years due partly to sliding oil prices, and a few economists see scope for the central bank to ease tight monetary policy to support economic growth.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,032.61 | -94.83 | -3.03 |
Hang Seng | 23,333.69 | -74.88 | -0.32 |
Jakarta Composite | 5,139.07 | 13.29 | 0.26 |
KLSE Composite | 1,749.05 | 5.00 | 0.29 |
Nikkei 225 | - | - | - |
Straits Times | 3,332.51 | 1.55 | 0.05 |
KOSPI Composite | 1,939.02 | -4.10 | -0.21 |
Taiwan Weighted | 9,097.71 | 2.71 | 0.03 |
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