The Asian markets closed mostly in green on Friday, with Chinese indices closing up, as gains in the Life Insurance, Technology Hardware & Equipment and Media sectors led shares higher. China’s auto sales rose 3.3% year-on-year to 2.24 million vehicles in March rebounding from a holiday slowdown. Vehicle sales had slipped 0.2% from 2014 in February, which included a week-long holiday for the Chinese New Year. For the first three months, auto sales gained 3.9% on the same period last year to 6.15 million vehicles, according to the China Association of Automobile Manufacturers (CAAM). China’s inflation data for March produced small positive surprises, but remained tepid, with little sign that Beijing’s easing measures till date have significantly cut worrisome deflationary pressure. That has led many to predict more easing measures in the pipeline, including more cuts to reserve requirement ratios for banks, although there is debate over how effective those might be at juicing inflation. In March, China’s annual consumer inflation rate (CPI) stayed flat at 1.4%. Producer prices (PPI) fell slightly less than projected, contracting 4.6% rather than the forecasted repeat of February’s 4.8% pace. Malaysian Industrial Production fell to a seasonally adjusted annual rate of 5.2%, from 7.0% in the preceding month.
Asian Indices Last Trade Change in Points Change in % Shanghai Composite 4,034.31 76.78 1.94 Hang Seng 27,272.39 328.00 1.22 Jakarta Composite 5,491.34 -9.56 -0.17 KLSE Composite 1,844.31 -5.08 -0.27 Nikkei 225 19,907.63 -30.09 -0.15 Straits Times 3,472.38 12.08 0.35 KOSPI Composite 2,087.76 28.89 1.40 Taiwan Weighted 9,617.70 49.66 0.52
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