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Asian markets end mostly in green on US stimulus hopes

11 Dec 2012 Evaluate

Asian markets ended mostly in green on Tuesday, though the Chinese market remained in somber mood since start after China’s new yuan loans trailed forecasts last month, restraining the pace of recovery after a seven-quarter slowdown. Meanwhile, the Chinese currency yuan retreated from the upper limit of its trading band, reaching a one-week low on speculation of central bank’s intervention. However, most of the other indices ended in green. Traders in the region waited for progress on US budget talks and eyed Federal Reserve policy meet where the Fed is expected to add monetary stimulus.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,074.70

-9.07

-0.44

Hang Seng

22,323.94

47.22

0.21

Jakarta Composite

4,317.92

15.31

0.36

KLSE Composite

1,641.57

9.42

0.58

Nikkei 225

9,525.32

-8.43

-0.09

Straits Times

3,118.33

3.99

0.13

KOSPI Composite

1,964.62

7.20

0.37

Taiwan Weighted

7,613.69

4.19

0.06

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