The Asian indices ended mostly in green on Wednesday, as confidence grew that Greece would reach a new debt deal with its European creditors enabling it to stay in the euro currency bloc. Japan’s Stock Exchange was closed on account of ‘National Founding Day’ holiday. Chinese Central Bank Vice Governor Yi Gang stated that the country’s economy is now more sustainable and domestic consumption is steadily rising. China’s central bank stated that it will fine-tune policy to help head off an economic slowdown but avoid over-stimulating the economy. In its fourth-quarter monetary policy implementation report, the People’s Bank of China added that it would use both quantitative and pricing tools to keep liquidity levels appropriate and to maintain reasonable credit growth. Japanese tertiary industry activity index fell to a seasonally adjusted -0.3%, from 0.2% in the preceding month while Japan’s M2 Money Stock fell to a seasonally adjusted 3.4%, from 3.6% in the preceding month. Philippines Industrial Production fell to a seasonally adjusted annual rate of 4.2%, from 7.5% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,157.70 | 16.11 | 0.51 |
Hang Seng | 24,315.02 | -213.08 | -0.87 |
Jakarta Composite | 5,336.52 | 15.05 | 0.28 |
KLSE Composite | 1,798.95 | -12.17 | -0.67 |
Nikkei 225 | - | - | - |
Straits Times | 3,444.57 | 10.33 | 0.30 |
KOSPI Composite | 1,945.70 | 9.84 | 0.51 |
Taiwan Weighted | 9,462.22 | 68.52 | 0.73 |