The Asian markets concluded Wednesday’s trade mostly in red following a weak lead from Wall Street. Stocks in Hong Kong ended flat ahead of the beginning of a Communist Party plenum at the weekend. Indonesia’s economy continued to slow in the third quarter after Bank Indonesia tightened its monetary stance to rein in inflation and shrink the country’s current-account deficit. Southeast Asia’s largest economy expanded by 5.62% in the July-September quarter from a year earlier, slowing from the 5.81% increase in the second quarter and marking the slowest growth rate in nearly four years. Indonesia’s gross domestic product rose 2.96% on-quarter, compared with a 2.6% increase in the previous quarter.
Manufacturing activity in Singapore rose unexpectedly last month. In a report, SIPMM Central Office stated that Singaporean PMI rose to 51.2, from 50.5 in the preceding month. Japan’s monetary base fell unexpectedly last month. Bank of Japan stated that Japan’s Monetary Base fell to 45.8%, from 46.1% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2139.61 | -17.63 | -0.82 |
Hang Seng | 23036.94 | -2.01 | -0.01 |
Jakarta Composite | 4449.76 | 26.47 | 0.60 |
KLSE Composite | 1803.05 | -4.42 | -0.24 |
Nikkei 225 | 14337.31 | 111.94 | 0.79 |
Straits Times | 3205.29 | -0.25 | -0.01 |
KOSPI Composite | 2013.67 | -0.26 | -0.01 |
Taiwan Weighted | 8281.97 | 19.77 | 0.24 |