Most of the Asian markets concluded Thursday’s trade in red as investors kept eye on controversial budget negotiations going in Washington. China’s Shanghai Composite fell as investors reduced exposure ahead of the long Golden Week holiday starting Tuesday. China’s recent economic data reinforce the International Monetary Fund’s forecast that the world’s second-largest economy will avoid a second-half slowdown and grow 7.75% this year. The IMF expected China’s economy to sustain its pace of growth despite a difficult international environment. The current level of consumer confidence in South Korea fell unexpectedly last month. The Bank of Korea stated that South Korean Consumer Confidence fell to 102, from 105 in the preceding month.
Industrial production in Taiwan rose unexpectedly last month. The Ministry of Economic Affairs Taiwan stated that Taiwanese Industrial Production rose to a seasonally adjusted annual rate of 2.07%, from -0.40% in the preceding month whose figure was revised down from 2.07% while industrial production in Singapore rose less-than-expected last month. The Statistics Singapore stated that Singaporean Industrial Production rose to an annual rate of 3.5%, from 3.0% in the preceding month whose figure was revised up from 2.7%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2155.81 | -42.71 | -1.94 |
Hang Seng | 23125.03 | -84.60 | -0.36 |
Jakarta Composite | 4405.89 | -0.87 | -0.02 |
KLSE Composite | 1774.16 | -9.90 | -0.55 |
Nikkei 225 | 14799.12 | 178.59 | 1.22 |
Straits Times | 3194.31 | -14.27 | -0.44 |
KOSPI Composite | 2007.32 | 9.26 | 0.46 |
Taiwan Weighted | 8184.68 | -99.22 | -1.20 |
