The Asian equity benchmarks ended mostly in green on Friday, as Chinese shares in Hong Kong jumped amid speculation that government will relax monetary policy to boost growth. Shanghai, Nikkei and Taiwan Weighted stock exchange were closed on account of holiday. China’s growth engine looks to have ended last year on a flat note as its massive factory sector sputtered in December, though ebbing price pressures also offered scope for more policy stimulus from Beijing and across much of Asia. The tale was similar from Singapore to South Korea to Indonesia as manufacturers struggled with weak demand, both at home and abroad. Chinese Manufacturing PMI fell to an annual rate of 50.1, from 50.3 in the preceding month. Singapore’s economic growth slowed more than expected in the fourth quarter as the manufacturing sector contracted in the face of erratic global demand, raising concerns about the outlook for 2015. Singaporean GDP fell to a seasonally adjusted 1.5%, from 2.8% in the preceding quarter. Indonesian Trade Balance fell to a seasonally adjusted -0.42B, from 0.02B in the preceding month while Indonesian Inflation rose to a seasonally adjusted 8.36%, from 6.23% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | 23,857.82 | 252.78 | 1.07 |
Jakarta Composite | 5,242.77 | 15.82 | 0.30 |
KLSE Composite | 1,752.77 | -8.48 | -0.48 |
Nikkei 225 | - | - | - |
Straits Times | 3,370.59 | 5.44 | 0.16 |
KOSPI Composite | 1,926.44 | 10.85 | 0.57 |
Taiwan Weighted | - | - | - |
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