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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