The Asian markets concluded Tuesday’s trade on mixed note with Japanese stocks outperformed Asian markets for the second straight session as the yen weakened to its lowest level in seven weeks. In China, the region was cautious as investors waited for the outcome of China’s Third Plenum - a major political meeting that is expected to result in the new government producing a policy blueprint for the next decade. The meeting started on Saturday and is expected to finish later on Tuesday. Banks in China lent less than expected in October as the central bank prioritizes managing risks and controlling inflation over boosting the economy. New yuan lending totaled 506.1 billion yuan ($83 billion) last month, up 700 million yuan from October last year.
Strong sentiment in the mid- to low-end housing segment lifted new home sales in Shanghai to a six-week high. The purchases of new homes, excluding government-subsidized affordable housing, rose 8.2% week on week to 406,600 square meters during the seven-day period ended on Sunday. Household confidence in Japan rose less-than-expected last month. Japanese Household Confidence rose to a seasonally adjusted annual rate of 41.2, from 45.4 in the preceding month. Philippines Industrial Production fell to a seasonally adjusted annual rate of 16.3%, from 18.3% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2126.77 | 17.30 | 0.82 |
Hang Seng | 22901.41 | -168.44 | -0.73 |
Jakarta Composite | 4380.64 | -61.08 | -1.38 |
KLSE Composite | 1794.80 | -9.41 | -0.52 |
Nikkei 225 | 14588.68 | 318.84 | 2.23 |
Straits Times | 3180.25 | -6.47 | -0.20 |
KOSPI Composite | 1995.48 | 18.18 | 0.92 |
Taiwan Weighted | 8195.26 | 12.70 | 0.16 |
