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Most of Asian markets conclude Monday’s trade in red

23 Sep 2013 Evaluate

Most of the Asian markets concluded Monday’s trade in red with Shanghai moving higher on further signs of an improving Chinese economy, while Southeast Asian markets gave up some of the gains they made. This early indicator is the latest in a string of economic data in recent weeks that points to a recovery in Asia’s largest economy, picking itself from weakness earlier in the summer. Japanese market was closed today on occasion of ‘Autumn Equinox Day’. Preliminary results from HSBC’s closely watched gauge of China’s manufacturing activity, released showed a jump to a six-month high in September, beating expectations and boosting local stocks. The flash version of the China manufacturing Purchasing Managers’ Index, published by HSBC and Markit, rose to 51.2, compared to August final result of 50.1. A reading above 50 indicates expansion, while anything below that signals contraction.

In Hong Kong, overall consumer prices rose 4.5% year-on-year in August, less than July’s corresponding 6.9% increase, the Census & Statistics Department reported. Netting out the effects of all one-off Government relief measures, the year-on-year rate of increase in the Composite Consumer Price Index in August was 4.3%, slightly higher than July's 4.2% increase, mainly due to the increases in private housing rentals, as well as the prices of salt-water fish and package tours.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2221.04

29.19

1.33

Hang Seng

23371.54

-130.97

-0.56

Jakarta Composite

4562.86

-20.97

-0.46

KLSE Composite

1796.36

-5.47

-0.30

Nikkei 225

-

-

-

Straits Times

3214.25

-23.28

-0.72

KOSPI Composite

2009.41

3.83

0.19

Taiwan Weighted

8292.83

83.65

1.02

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