The Asian markets have made a mixed start, though few indices have gathered gains of over half a percent supported by some good economic news from the region and as the BOJ increased its monetary stimulus for a second month running. Japan’s central bank said that it will offer unlimited loans at low interest rates to lenders. South Korean industrial output increased by 0.8 percent last month from August and for the first time in four months, boosted by stronger sales of cars and electronics. Taiwan’s economy resumed growth in the third quarter; Gross domestic product in the three months through September grew 1.02 percent. Shipments to China, the island’s largest trading partner, rose 11.9 percent in September from a year earlier, while Export orders, climbed for the first time in seven months.
Shanghai Composite was down by 6.27 points or 0.30% to 2,056.07, Jakarta Composite lost 22.10 points or 0.52% to 4,342.45, KLSE Composite declined by 2.39 points or 0.14% to 1,672.54, Straits Times was down by 6.59 points or 0.22% to 3,032.14 and Taiwan Weighted declined by 35.19 points or 0.49% to 7,148.03.
On the other hand Hang Seng was up by 78.41 points or 0.37% to 21,506.99, Nikkei 225 gained 84.46 points or 0.96% to 8,926.44 and Kospi Composite was up by 12.55 points or 0.63% to 1,912.07.
