Most of the Asian markets concluded Friday’s trade in red but notched up healthy returns for a week that was dominated by developments suggesting that US monetary policy could remain easier than previously expected. South Korean markets are closed from September 18 for the rest of the week for the Chuseok holidays. Trade will resume on September 23. Shanghai Composite and Taiwan Weighted remained closed on account of Mid-autumn Festival. Hang Seng is closed today on account of public holiday. When these markets reopen Monday, there will also be a data point on the Chinese economy in the form of preliminary manufacturing data for September - a number that has impacted markets in recent months.
Prices of both new and existing homes continued to rise in most Chinese cities in August. Of a statistical pool of 70 major Chinese cities, 66 saw a month-on-month rise in new home prices, up from 62 in July, the National Bureau of Statistics (NBS) reported. According to the bureau, 58 cities reported month-on-month price gains in existing and second-hand homes in August, compared to 57 in July. On a year-on-year basis, new home prices rose in 69 cities last month, the same as the July figure, while 68 reported higher year-on-year prices for existing homes in August, up from 67.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | - | - | - |
Jakarta Composite | 4583.83 | -86.90 | -1.86 |
KLSE Composite | 1801.83 | 8.92 | 0.50 |
Nikkei 225 | 14742.42 | -23.76 | -0.16 |
Straits Times | 3237.53 | -14.25 | -0.44 |
KOSPI Composite | - | - | - |
Taiwan Weighted | - | - | - |
