Most of Asian markets conclude Tuesday’s trade in red

24 Sep 2013 Evaluate

Most of the Asian markets barring Taiwan Weighted concluded Tuesday’s trade in red with Shanghai giving up most of its gains from the previous session, leading declines in Asia, while the Indonesian rupiah hit a more-than-four-year low against the dollar. Indonesia will boost bilateral swap agreements to almost $40 billion by signing deals with China and South Korea and increasing an existing agreement with Japan, as Southeast Asia’s biggest economy battles a slumping currency. Stocks in Tokyo resumed trading after a public holiday with the Nikkei Average down as stronger yen weighed on the market. Bank of Japan board member Sayuri Shirai stated that central bank’s forward guidance on policy gives it scope to take more step if needed to achieve its goal of 2% inflation, and means it will not end its monetary easing until the target is reached.

Hong Kong’s overall gross domestic product rose 3.3% over a year earlier in real terms in the second quarter of 2013, accelerating from the 2.9% gain in the first quarter, the Census and Statistics Department stated. Analyzed by constituent services sector and on an annual comparison, net output of all the service activities taken together grew 3.7% in real terms in the second quarter, compared with the 2.8% growth in the first quarter.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2207.53	-13.51	-0.61
Hang Seng	23179.04	-192.50	-0.82
Jakarta Composite	4460.41	-102.44	-2.25
KLSE Composite	1792.48	-3.88	-0.22
Nikkei 225	14732.61	-9.81	-0.07
Straits Times	3211.75	-2.50	-0.08
KOSPI Composite	2007.10	-2.31	-0.11
Taiwan Weighted	8299.12	6.29	0.08

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