The Asian markets barring Jakarta Composite and KLSE Composite concluded Wednesday’s trade in red after US jobs data came in well below expectations. The worse-than-expected jobs reading overnight reinforces the idea that stimulus will remain unchanged until next year. Investment in Indonesia continued to grow during the third quarter of this year, despite concerns that much of the shine had been taken off the country’s economy in recent months. The finance ministry raised Rp 12 trillion ($1.1 billion) from the sale of bonds and bills of various tenors as the country needs funds to plug its widening budget deficit.
China’s biggest banks tripled the amount of bad loans written off in the first half cleaning up their books ahead of what may be a fresh wave of defaults. China signaled concern yesterday that ample credit could fuel inflation as a report showed house prices jumped the most in nearly three years, with double-digit gains in major cities.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2183.11 | -27.54 | -1.25 |
Hang Seng | 22999.95 | -316.04 | -1.36 |
Jakarta Composite | 4546.50 | 33.76 | 0.75 |
KLSE Composite | 1814.11 | 10.53 | 0.58 |
Nikkei 225 | 14426.05 | -287.20 | -1.95 |
Straits Times | 3204.80 | -5.41 | -0.17 |
KOSPI Composite | 2035.75 | -20.37 | -0.99 |
Taiwan Weighted | 8393.62 | -24.65 | -0.29 |
