All the Asian markets concluded Monday’s trade in green as investors spurred bets that Federal Reserve will maintain stimulus. A pickup in interbank lending rates in China also spooked investors and regional markets started the week in recovery mode, following a series of declines last week that hit Japan and China especially hard. Indonesia’s finance minister stated that inflation rate in October is estimated to be up less than 0.4 percent from the previous month. The statistics bureau is scheduled to release October inflation data on November 1. Shanghai’s gross domestic product expanded 7.8 percent from a year earlier in the third quarter, up from the 7.6 percent increase in the second quarter and securing a stable economic performance. The Shanghai Statistics Bureau stated that in the first three quarters, Shanghai’s economy rose 7.7 percent with the output reaching 1.55 trillion yuan ($252 billion).
Thai factory output fell 2.9 per cent in September from a year earlier, more than expected and adding to concerns about the country’s ability to get out of recession. September was the sixth straight month in which output has fallen. The output data comes in the wake of surprisingly poor September exports, which fell 7.1 per cent from a year earlier, and the central bank cutting its forecast for growth this year to 3.7 per cent from 4.2 per cent.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2133.87 | 0.91 | 0.04 |
Hang Seng | 22806.58 | 108.24 | 0.48 |
Jakarta Composite | 4590.54 | 9.69 | 0.21 |
KLSE Composite | 1818.39 | 0.82 | 0.05 |
Nikkei 225 | 14396.04 | 307.85 | 2.19 |
Straits Times | 3207.85 | 2.61 | 0.08 |
KOSPI Composite | 2048.14 | 13.75 | 0.68 |
Taiwan Weighted | 8407.83 | 61.21 | 0.73 |
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