The Asian markets barring Jakarta Composite concluded Friday’s trade in green with Japan’s Nikkei Average rising above 15,000 points for the first time since May on the back of a weaker yen, while shares in Shanghai rallied on hopes that China will release reform plans for state-run companies. Investors in China are expecting that the Communist Party would announce detailed, wide-ranging reforms in a paper due out next week. Following the close of the party Central Committee’s Third Plenum, it released a relatively brief statement that disappointed markets due its lack of specific reform measures many observers had hoped for.
Hong Kong Census and Statistics Department stated that Hong Kong GDP rose to a seasonally adjusted annual rate of 0.5%, from 0.8% in the preceding quarter. Malaysia’s gross domestic product rose more-than-expected last month. The Department of Statistics Malaysia stated that Malaysian GDP rose to a seasonally adjusted 5.0%, from 4.3% in the preceding month. Singaporean Retail Sales rose to a seasonally adjusted -5.9%, from -7.7% in the preceding month whose figure was revised up from -7.8%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2135.83 | 35.32 | 1.68 |
Hang Seng | 23032.15 | 383.00 | 1.69 |
Jakarta Composite | 4335.45 | -31.92 | -0.73 |
KLSE Composite | 1789.87 | 5.67 | 0.32 |
Nikkei 225 | 15165.92 | 289.51 | 1.95 |
Straits Times | 3201.27 | 10.19 | 0.32 |
KOSPI Composite | 2005.64 | 38.08 | 1.94 |
Taiwan Weighted | 8177.12 | 42.21 | 0.52 |
