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Asian markets end higher on China data

18 Oct 2012 Evaluate

Asian markets went home with green mark, as the regional benchmark index touched highest close in a month, after China’s economic growth matched economists’ estimates and U.S. housing starts jumped. Meanwhile, China’s gross domestic product expanded 7.4% in the third quarter from a year earlier. Japan’s Nikkei ended with strong gains, after the economy minister yesterday called for stronger stimulus from the Bank of Japan, which convenes at the end of the month, while Hong Kong market closed with marginal gains.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,131.69

26.07

1.24

Hang Seng

21,518.71

102.07

0.48

Jakarta Composite

4,356.97

19.44

0.45

KLSE Composite

1,665.42

4.75

0.29

Nikkei 225

8,982.86

176.31

2.00

Straits Times

3,060.36

14.69

0.48

KOSPI Composite

1,959.12

3.97

0.20

Taiwan Weighted

7,465.41

1.01

0.01