The Asian markets closed mostly in green on Wednesday, while the Chinese stocks closed lower as losses in the Banking, Electricity and Utilities sectors led shares lower. The Asian Development Bank stated that Indonesia’s economic growth could speed up to 5.5% this year and 6% next year, should President Joko Widodo’s administration succeed in maintaining a healthy investment climate in the country. The economy grew 5% last year, a fourth consecutive year of deceleration. Last year, household consumption remained buoyant, but government spending and investment slowed, while exports fell. Japan’s corporate services price index (CSPI) fell to a seasonally adjusted annual rate of 3.3%, from 3.5% in the preceding month whose figure was revised up from 3.4%. South Korean GDP rose to a seasonally adjusted 0.3%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,660.73 | -30.68 | -0.83 |
Hang Seng | 24,528.23 | 128.63 | 0.53 |
Jakarta Composite | 5,405.49 | -42.16 | -0.77 |
KLSE Composite | 1,819.10 | 5.06 | 0.28 |
Nikkei 225 | 19,746.20 | 32.75 | 0.17 |
Straits Times | 3,419.02 | 5.76 | 0.17 |
KOSPI Composite | 2,042.81 | 1.44 | 0.07 |
Taiwan Weighted | 9,667.83 | -63.83 | -0.66 |