The Asian markets concluded Tuesday’s trade mostly in red as investors await the release of US jobs and growth data later in the week. Jakarta Composite was closed on account of ‘Muharram/Islamic New Year’ holiday. On Friday, China’s Communist Party will start the Third Plenum, a meeting during which it is expected to provide details of economic policy for the next decade. China’s service sector expanded in October at the fastest pace in 12 months, confirming that the Chinese economy is on a path to stability. The non-manufacturing Purchasing Managers’ Index rose to 56.3 in October from 55.4 in September, the official National Bureau of Statistics and China Federation of Logistics and Purchasing stated. A reading above 50 indicates expansion.
China’s central bank has signaled a further opening of the country’s fast growing debt market by allowing more participation in the onshore interbank bond market. Indonesia’s rupiah fell to the lowest level in three weeks on concern an unexpected trade deficit in September will weigh on the nation’s current account. Consumer price inflation in the Philippines rose to a seasonally adjusted annual rate of 0.1%, from 0.6% in the preceding quarter. National Statistics Taiwan stated that Taiwanese CPI fell to a seasonally adjusted annual rate of 0.64%, from 0.83% in the preceding quarter.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2157.24 | 7.61 | 0.35 |
Hang Seng | 23038.95 | -150.67 | -0.65 |
Jakarta Composite | - | - | - |
KLSE Composite | 1807.47 | -2.94 | -0.16 |
Nikkei 225 | 14225.37 | 23.80 | 0.17 |
Straits Times | 3205.54 | 1.60 | 0.05 |
KOSPI Composite | 2013.93 | -11.24 | -0.56 |
Taiwan Weighted | 8262.20 | -91.94 | -1.10 |
