The Asian markets closed mostly in red on Friday, as uncertainty over whether the US Federal Reserve will raise interest rates next week gripped investors. Japanese business sentiment turned positive in July-September and companies stuck to upbeat spending plans, a government survey showed, offering some relief for policymakers worried about a hit from slowing Chinese growth and ensuing market turmoil. The poll, the first comprehensive business confidence survey for the current quarter, followed a recent run of gloomy data, including a survey showing the service sector’s mood worsening in August. An index gauging sentiment at large manufacturers stood at plus 11.0 in July-September, rebounding from minus 6.0 in the previous quarter. Japan’s Corporate Goods Price Index fell to a seasonally adjusted annual rate of -3.6%. South Korea’s central bank reassured investors that its future policy decisions would be based on economic data, but noted that another rate cut soon was unlikely because the economy was already recovering as expected. The Bank of Korea’s seven-member policy committee unanimously held the base rate steady at a record-low 1.50 percent, the third straight month it unanimously kept the rate unchanged after cutting it in June.
Asian Indices Last Trade Change in Points Change in % Shanghai Composite 3,200.23 2.34 0.07 Hang Seng 21,504.37 -58.13 -0.27 Jakarta Composite 4,360.47 17.21 0.40 KLSE Composite 1,603.60 -10.42 -0.65 Nikkei 225 18,264.22 -35.40 -0.19 Straits Times -- -- KOSPI Composite 1,941.37 -20.74 -1.06 Taiwan Weighted 8,305.82 37.14 0.45 --
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