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Asian markets conclude Tuesday’s trade on mixed note

29 Oct 2013 Evaluate

The Asian markets concluded Tuesday’s trade on a mixed note as investors digested a slew of corporate earnings, while sentiment turned cautious ahead of Wednesday’s Federal Reserve policy decision. Japanese retail sales for September rose 3.1% from a year earlier, with the result beating a consensus forecast for a 1.9% rise. The sales at large retailers were up 0.7% from a year earlier. Japanese household spending rose sharply in September, beating expectations, while the unemployment rate ticked slightly lower. Spending by households of two or more people rose a price-adjusted 3.7% from a year earlier, marking the best result in six months. The unemployment rate, meanwhile, slipped to 4.0% from 4.1% in August, though still above the year’s low of 3.8%, hit in July.

Shanghai’s new home market extended its strength for another week as buyers and real estate developers continued to be bullish, which saw more than 357,000 square meters of houses sold last week. The sales of new homes, excluding government-funded affordable housing, rose 8 percent from the previous week to 357,700 square meters during the seven-day period. South Korea’s current account surplus expanded in September from the previous month on trade gains and stronger service industry earnings. The current account, the broadest measure of trade with the rest of the world, showed a surplus of 6.57 billion dollars in September, up from a revised $5.68 billion in August.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2128.86

-5.00

-0.23

Hang Seng

22846.54

39.96

0.18

Jakarta Composite

4562.77

-27.77

-0.60

KLSE Composite

1815.65

-2.74

-0.15

Nikkei 225

14325.98

-70.06

-0.49

Straits Times

3208.82

0.97

0.03

KOSPI Composite

2051.76

3.62

0.18

Taiwan Weighted

8420.98

13.15

0.16

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