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Most of Asian markets conclude Thursday’s trade in green

10 Oct 2013 Evaluate

Most of the Asian markets concluded Thursday’s trade in green as investors remained hopeful that Washington will conclude the political wrangling and break the US fiscal impasse that has sapped market confidence. Taiwan Weighted remained closed on account of National Day. Bank Indonesia will regulate currency hedging by individuals and companies, including state-owned firms, to help stabilize Asia’s most-volatile currency. Consumer confidence in Shanghai strengthened more than expected in the third quarter of this year after the city rolled out big plans like the free trade zone project. The Consumer Sentiment Index jumped 6.5 points from a year earlier to 107.1 in the July-September period. The latest reading rose further from 103.2 in the second quarter, indicating growing optimism among local residents.

Household confidence in Japan rose more-than-expected last month. The Cabinet Office stated that Japanese Household Confidence rose to a seasonally adjusted annual rate of 45.4, from 43.0 in the preceding month. Japan’s Core Machinery Orders rose to 5.4%, from 0.0% in the preceding month. Japan’s tertiary industry activity index rose more-than-expected last month. METI reported that Japanese tertiary industry activity index rose to a seasonally adjusted 0.7%, from -0.4% in the preceding month. Industrial production in the Philippines rose unexpectedly last month. The National Statistics Office stated that Philippines Industrial Production rose to a seasonally adjusted annual rate of 18.3%, from 14.9% in the preceding month whose figure was revised up from 12.1%. Malaysian Industrial Production fell to a seasonally adjusted annual rate of 2.3%, from 7.6% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2190.93

-20.84

-0.94

Hang Seng

22951.30

-82.67

-0.36

Jakarta Composite

4486.68

29.24

0.66

KLSE Composite

1775.92

6.80

0.38

Nikkei 225

14194.71

156.87

1.12

Straits Times

3169.91

15.07

0.48

KOSPI Composite

2001.40

-1.36

-0.07

Taiwan Weighted

-

-

-

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