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Asian markets conclude Wednesday’s trade mostly in red

06 Nov 2013 Evaluate

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

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