The Asian markets barring Shanghai Composite concluded Tuesday’s trade in green to their highest level in nearly five months on heightened hopes for a deal in Washington to reopen the US government and avert a possible debt default. Markets in Indonesia, Malaysia and Singapore remained closed for the trade today on account of holiday. Chinese banking stocks moved higher following central-bank data showing financial institutions issued 787 billion yuan ($128.8 billion) in new loans in September, more than the 674.5 billion yuan in loans expected.
Japan’s industrial output in August fell a seasonally adjusted 0.9% compared with July, downgraded 0.2% point from the initial 0.7% fall. The Indonesian government hopes the nation’s consumers can spend their way out of the worst of the economic slowdown currently affecting emerging market. The President’s office stated that government is now optimistic that the nation will book at least 5.7% growth by the end of 2013.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2233.41 | -4.36 | -0.19 |
Hang Seng | 23336.52 | 118.20 | 0.51 |
Jakarta Composite | - | - | - |
KLSE Composite | - | - | - |
Nikkei 225 | 14441.54 | 36.80 | 0.26 |
Straits Times | - | - | - |
KOSPI Composite | 2040.96 | 20.69 | 1.02 |
Taiwan Weighted | 8367.88 | 93.92 | 1.14 |
