The Asian equity markets ended mixed on Thursday, ahead of the release of minutes from the Federal Reserve’s latest policy meeting, with Shanghai stocks closing on firm note after Chinese markets reopened today following an extended holiday. China’s sovereign rating can withstand slower growth and greater volatility going forward. Moody’s currently rates China ‘Aa3’ with a stable outlook, and is forecasting GDP growth at 6.8 percent in 2015 and 6.3 percent in 2016. This is in line with forecasts from the International Monetary Fund. Japan’s Core Machinery Orders fell to -5.7% compared to -3.6% in the preceding month. Japan’s Economy Watchers Current Index fell to a seasonally adjusted 47.5, from 49.3 in the preceding month. South Korea’s foreign exchange bank deposits fell for a fifth straight month in September to their lowest level in over a year as yuan deposits continued to decline. Foreign exchange bank deposits stood at $59.19 billion as of end-September, down $0.50 billion from August. This was the lowest level since end-June last year. Hong Kong’s home prices rose for a fifth consecutive month to hit a record high in August, overcoming concerns an expected interest rate hike in the United States may dampen demand in one of the world’s most expensive property markets. An official index of overall private home prices for August edged up 1.1 percentage points month-on-month to 305 points. That’s 16.8 per cent higher than the year before and a fifth straight monthly gain. Asian Indices Last Trade Change in Points Change in % Shanghai Composite 3,143.36 90.58 2.97 Hang Seng 22,354.91 -160.85 -0.71 Jakarta Composite 4,491.43 4.30 0.10 KLSE Composite 1,692.20 2.95 0.17 Nikkei 225 18,141.17 -181.81 -0.99 Straits Times 2,947.03 -14.78 -0.50 KOSPI Composite 2,019.53 13.69 0.68 Taiwan Weighted 8,445.96 -49.27 -0.58
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