The Asian markets concluded Tuesday’s trade on a mixed note ahead of important US jobs data. There was also some weakness in Hong Kong-listed Chinese developers, after data showed that new home prices rose on year in September in 69 of 70 cities. Average prices of new homes in 70 Chinese cities in September rose to another fresh high, spurred by price gains in major cities that concern local officials. For the eighth consecutive month, growth in median home prices rose in September from year-ago levels, after a turnaround that began in January. Prices were up in 69 of the 70 cities in September, unchanged from August. The growth in individual income tax and property transaction tax has contributed to a faster rise in China’s tax revenue in the first three quarters of this year despite weak import tariffs, the Ministry of Finance stated.
Taiwan’s export orders in September grew 2 percent year on year, the third monthly rise in succession, on strong European and US demand for smartphones, the island’s authorities stated. Export orders, which are filed to manufacturers one or two months ahead of delivery, are a key sign for the island’s export-reliant economy. The September figure came in at $38.4 billion, following a 0.5 percent rise in July and August.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2210.65 | -18.59 | -0.83 |
Hang Seng | 23315.99 | -122.16 | -0.52 |
Jakarta Composite | 4512.74 | -65.44 | -1.43 |
KLSE Composite | 1803.58 | 0.97 | 0.05 |
Nikkei 225 | 14713.25 | 19.68 | 0.13 |
Straits Times | 3210.21 | 14.45 | 0.45 |
KOSPI Composite | 2056.12 | 3.11 | 0.15 |
Taiwan Weighted | 8418.27 | -1.05 | -0.01 |
