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Asian markets close in green on Friday

23 Oct 2015 Evaluate

The Asian equity markets ended in green on Friday, tracking the positive cues overnight from Wall Street and European markets after ECB hinted at further economic stimulus measures in December. Japan’s core inflation probably slipped for a second month in September, while factory output fell for a third month in a row, adding to headaches facing Bank of Japan policymakers as they head into a key policy meeting. Private spending data also due next week is expected to show modest improvement, helped by holiday spending, but the rate of recovery likely remained moderate due to slow growth in wages. The economic data next week will be among the last clues for investors and the BOJ on how the economy performed in July-September after it contracted in the second quarter. Average new home prices in China rose for the fifth month in a row in September, increasing 0.3 percent from August. Compared with a year earlier, home prices in September fell 0.9 percent, slowing from a 2.3 percent drop in August. New home prices in Beijing in September rose 4.7 percent from a year earlier, while those in Shanghai increased 8.3 percent. China’s property market accounts for around 15 percent of the economy, so even modest signs of improvement would relieve some pressure on the cooling economy. Japan’s index of leading economic indicators rose to a seasonally adjusted 103.5. South Korean GDP rose to a seasonally adjusted 1.2%, from 0.3% in the preceding month. Taiwanese Industrial Production rose to a seasonally adjusted annual rate of -4.56%, from -5.46% in the preceding month.


Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,412.43

43.70

1.30

Hang Seng

23,151.94

306.57

1.34

Jakarta Composite

4,653.15

68.58

1.50

KLSE Composite

1,710.93

5.84

0.34

Nikkei 225

18,825.30

389.43

2.11

Straits Times

3,068.46

30.35

1.00

KOSPI Composite

2,040.40

17.40

0.86

Taiwan Weighted

8,673.81

65.35

0.76

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