Asian markets end mostly in green on Tuesday

17 Mar 2015 Evaluate

The Asian markets ended mostly in green on Tuesday, with China’s main stock index rising to its highest in almost seven years, breaking through a key psychological resistance level to raise investors’ hopes that the market has resumed a bull run begun midway through last year. The Bank of Japan board decided by an 8 to 1 vote to leave the bank’s policy target unchanged while revising down its near-term inflation outlook on weak energy prices as expected. The collapse of crude oil prices last year has clouded the prospect for the central bank plan to anchor 2% inflation in about two years from April 2013, when it launched aggressive easing. That has caused the BoJ to revise down its near-term inflation outlook. At the same time however, the BoJ sees the economic recovery intact. Japan’s index of leading economic indicators rose to a seasonally adjusted 105.5, from 105.1 in the preceding month. Hong Kong Unemployment Rate remained unchanged at a seasonally adjusted 3.3% compared to its preceding month.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,502.85	53.54	1.55
Hang Seng	23,901.49	-48.06	-0.20
Jakarta Composite	5,439.15	3.88	0.07
KLSE Composite	1,787.87	7.33	0.41
Nikkei 225	19,437.00	190.94	0.99
Straits Times	3,369.95	-6.09	-0.18
KOSPI Composite	2,029.91	42.58	2.14
Taiwan Weighted	9,539.44	26.53	0.28

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