The Asian markets have made an all green start on positive cues from the US markets. The Japanese market has gained for the fifth consecutive day ahead of the Bank of Japan’s (BOJ) meeting today. However, the BOJ is not expected to take any action at the end of its two-day policy meeting after adding to monetary stimulus for the fourth time this year in October. The Chinese market was trading flat after the report that foreign direct investment in the country fell for the 11th time in 12 months as economic growth cools to a 13-year low. Investment dropped 0.2 percent in October from a year earlier to $8.31 billion, while FDI inflows in the first 10 months of the year declined 3.5 percent to $91.7 billion.
Shanghai Composite was up by 1.29 points or 0.06% to 2,016.57, Hang Seng surged by 190.27 points or 0.89% to 21,452.33, Jakarta Composite gained 14.72 points or 0.35% to 4,330.79, KLSE Composite was up by 2.56 points or 0.16% to 1,626.01, Nikkei 225 gained 8.88 points or 0.10% to 9,162.08, Straits Times was up by 14.53 points or 0.51% to 2,965.37, Seoul Composite gained 10.80 points or 0.57% to 1 1,888.46 and Taiwan Weighted gained 27.63 points or 0.39% to 7,157.06.
