Asian markets made a mixed closing on Tuesday, though the mood in the region remained subdued since morning but few of the indices showed good efforts to close in green in the dying hours. There was concern related to Europe that kept the markets under pressure, as Germany and France disagreed on when to introduce a banking union for the 17-nation single currency and attempts to resolve the region’s debt crisis seemed deadlocked. On the same time the reports from China remained discouraging, as a survey pointed out that manufacturers and retailers in the nation are less optimistic about sales than they were three months ago and are cutting jobs. Meanwhile, China’s overnight money-market rate climbed to a seven-month high on speculation cash shortages will worsen when the financial markets will remain closed for a week starting October 1.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,029.29 | -3.90 | -0.19 |
Hang Seng | 20,698.68 | 3.98 | 0.02 |
Jakarta Composite | 4,226.89 | 25.97 | 0.62 |
KLSE Composite | 1,618.58 | 6.20 | 0.38 |
Nikkei 225 | 9,091.54 | 22.25 | 0.25 |
Straits Times | 3,067.13 | -0.80 | -0.03 |
KOSPI Composite | 1,991.41 | -12.03 | -0.60 |
Taiwan Weighted | 7,734.13 | -34.17 | -0.44 |