The Asian markets made a mixed closing on Thursday after Federal Reserve Chair Yellen said the US was ready for higher interest rates if upcoming economic data justified them. She said that a December interest rate would be a 'live possibility' if the incoming economic data supports such a move. Indonesia's economy grew slightly less than estimated in the third quarter. Gross domestic product expanded 4.73 percent in the third quarter from a year ago compared to second quarter's 4.67 percent growth. Meanwhile, Chinese shares extended the rally mood ahead of a high-stakes meeting between Chinese President Xi Jinping and Taiwanese President Ma Ying-jeou this Saturday. Telecom stocks remained in limelight on hint that further reorganization is in store for the nation’s state-run telecommunications industry. The Japanese market too ended higher, as the yen weakened against the US dollar and boosted exporters' stocks.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,522.82 | 63.18 | 1.83 |
Hang Seng | 23,051.04 | -2.53 | -0.01 |
Jakarta Composite | 4,577.23 | -35.33 | -0.77 |
KLSE Composite | 1,688.54 | 2.92 | 0.17 |
Nikkei 225 | 19,116.41 | 189.50 | 1.00 |
Straits Times | 3,023.65 | -16.83 | -0.55 |
KOSPI Composite | 2,049.41 | -3.36 | -0.16 |
Taiwan Weighted | 8,850.18 | -6.84 | -0.08 |