Most of the Asian market ended in green today after four days of losing streak due to overnight up move in the US market but gains were reduced as doubt over the upcoming Euro Summit that the world leaders will not be able to tackle the crisis effectively.
Nikkei today rose after three days of incurring losses as investors bought shares of construction and real estate sector on the expectation that this share price will rise ahead of the sales tax increase in 2014. Shares in Hang Seng fluctuated in narrow range as decline in Chinese resource and banking centre was countered with buying shares in mainland property and consumer firm. Jakarta Composite rose for the second day due to gains in stocks of banking sector as Indonesian largest bank rose 1.4 percent and is planning to expand its business in Myanmar, Vietnam and Thailand. Shanghai Composite closed today down by 0.2 percent for the 6th consecutive day. Strait Times gained 1.1 percent after falling for the past four days as countries big and small cap stocks rose. Kospi fell due to loss incurred by the country’s biggest blue chip company Samsung Electronics.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2216.93 | -5.13 | -0.23 |
Hang Seng | 19176.95 | 195.11 | 1.03 |
Jakarta Composite | 3,934.17 | 53.47 | 1.38 |
KLSE Composite | 1,601.89 | 7.79 | 0.49 |
Nikkei 225 | 8,730.49 | 66.50 | 0.77 |
Straits Times | 2,844.79 | 39.16 | 1.40 |
KOSPI Composite | 1,817.65 | -0.16 | -0.01 |
Taiwan Weighted | 7,183.01 | 48.05 | 0.63 |