Asian markets closed mixed on Thursday, as sentiments were on up-beat mood in view of the Greek parliament approving a contentious bailout package. Chinese vice finance minister stated that China will pursue a pro-active fiscal policy to stabilize investment growth and boost domestic consumption in the world’s second-largest economy. Liu Kun notified that an active fiscal policy was part of six crucial areas that the ministry was focused on, alongside lifting growth in investment and consumption. Other priorities were helping companies to move up the production value chain, strengthening environmental protection controls, accelerating the development of logistic networks, and deepening reforms of food and agricultural product subsidies. Japan’s trade balance fell to a seasonally adjusted -0.25T, from -0.16T in the preceding month whose figure was revised up from -0.18T. South Korean GDP rose to a seasonally adjusted 0.3%, from 0.8% in the preceding month. Taiwanese Industrial Production rose to a seasonally adjusted annual rate of -1.35%, from -3.18% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 4,123.92 | 97.88 | 2.43 |
Hang Seng | 25,398.85 | 116.23 | 0.46 |
Jakarta Composite | 4,902.84 | -3.84 | -0.08 |
KLSE Composite | 1,722.44 | -7.09 | -0.41 |
Nikkei 225 | 20,683.95 | 90.28 | 0.44 |
Straits Times | 3,356.37 | -2.80 | -0.08 |
KOSPI Composite | 2,065.07 | 0.34 | 0.02 |
Taiwan Weighted | 8,791.12 | -127.58 | -1.43 |