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Asian markets conclude Monday’s trade on mixed note

11 Nov 2013 Evaluate

The Asian markets concluded Monday’s trade on mixed note as the strong labor report strengthened concerns that the Federal Reserve could start to roll back its stimulus measures sooner than expected. Also in China, a major political meeting was underway in Beijing. The so-called Third Plenum will finish on Tuesday, and is expected to result in a road map for the new government’s policies over the next decade. China posted signs of steady economic growth coupled with modest inflation in October, providing encouraging news on the economy as a key policy meeting of the Communist Party got under way. Industrial production rose 10.3% year over year in October, beating expectations and September’s 10.2% rate. Inflation ticked up slightly, to 3.2% from 3.1%, staying within the government’s stated comfort range.

Japan’s current account balance logged a surplus for the eighth consecutive month in September. The surplus in the balance, one of the widest gauges of international trade, stood at 587.3 billion yen in the reporting month. The surplus amounted to 161.5 billion yen in August. Among key components, the balance of goods trade came to a deficit of 874.8 billion yen. Indonesia’s house prices accelerated in the third quarter as demand remained strong despite the rising cost of building materials and labor. Bank Indonesia’s residential property price index advanced by 13.5% over the July to September period compared to the same period last year.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2109.47

3.34

0.16

Hang Seng

23069.85

325.46

1.43

Jakarta Composite

4441.72

-35.00

-0.78

KLSE Composite

1804.21

-0.27

-0.01

Nikkei 225

14269.84

183.04

1.30

Straits Times

3186.72

9.47

0.30

KOSPI Composite

1977.30

-7.57

-0.38

Taiwan Weighted

8182.56

-47.03

-0.57

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