The Asian equity markets ended in red on Thursday, barring Shanghai Composite and Nikkei 225 which closed with marginal gains. Chinese leaders are meeting in Beijing to decide on an economic growth target for the next five years. China’s Premier Li Keqiang stated that China requires annual growth of at least 6.53 percent over the next five years. China’s most recent annual GDP target for 2015 stood at around 7 percent. The economy grew 6.9 percent in the third quarter from a year earlier. The Bank of Japan is expected to hold monetary policy steady on Friday even while diluting its rosy inflation forecasts, clinging to the hope a tightening job market will underpin consumption and help the economy emerge from a soft patch. Some BOJ policymakers have worried that sluggish demand in emerging Asian markets could hurt output and corporate sentiment enough to delay planned capital investment and wage hikes. The BOJ is also expected to maintain its pledge to increase base money, or cash and deposits at the central bank, at an annual pace of 80 trillion yen ($663 billion) through aggressive asset purchases. Japan’s industrial production rose to a seasonally adjusted 1.0%, from -1.2% in the preceding month. Asian Indices Last Trade Change in Points Change in % Shanghai Composite 3,387.32 12.12 0.36 Hang Seng 22,819.94 -136.63 -0.60 Jakarta Composite 4,472.02 -136.72 -2.97 KLSE Composite 1,666.98 -19.53 -1.16 Nikkei 225 18,935.71 32.69 0.17 Straits Times 3,001.51 -39.00 -1.28 KOSPI Composite 2,034.16 -8.35 -0.41 Taiwan Weighted 8,571.08 -94.91 -1.10
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