The Asian equity markets ended mostly in red on Tuesday, as investors awaited monetary policy announcements from central banks and the outcome of China's economic planning meeting. The People’s Bank of China stated that is not using QE, or quantitative easing, to boost the economy but will instead adjust interest rates and bank reserve requirement ratio to fight deflationary pressure and capital outflow. Profits earned by Chinese industrial companies fell 0.1 percent in September from a year earlier, leveling after a record 8.8 percent collapse in August. Industrial profits - which cover large enterprises with annual revenue of more than 20 million yuan ($3.15 million) from their main operations - fell 1.7 percent in the first nine months of the year compared with the same period a year earlier. Indonesian banks are resilient and capable enough to weather ongoing currency volatility and growth contractions in the global and national economy, according to a recent report from rating agency Moody’s Investors Service. The persistent downward pressure on the local currency has spurred some concerns over local lenders and their large exposure to overseas debts - which has doubled in the past five years to $170 billion by June 2015. Japan’s Corporate Services Price Index (CSPI) fell to a seasonally adjusted annual rate of 0.6%, from 0.8% in the preceding month whose figure was revised up from 0.7%. Hong Kong Trade Balance fell to a seasonally adjusted -36.4B, from -25.1B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,434.34 | 4.76 | 0.14 |
Hang Seng | 23,142.73 | 26.48 | 0.11 |
Jakarta Composite | 4,674.06 | -17.65 | -0.38 |
KLSE Composite | 1,696.95 | -9.84 | -0.58 |
Nikkei 225 | 18,777.04 | -170.08 | -0.90 |
Straits Times | 3,052.53 | -30.54 | -0.99 |
KOSPI Composite | 2,044.65 | -3.43 | -0.17 |
Taiwan Weighted | 8,701.32 | -44.04 | -0.50 |