The Asian markets concluded Friday’s trade mostly in green with Hong Kong-listed Chinese companies being the best performers for the week. In Hong Kong, overall consumer prices rose 4.3% year-on-year in October, less than September’s corresponding 4.6% increase, the Census & Statistics Department reported. Netting out the effects of all one-off Government relief measures, the year-on-year rate of increase in the Composite Consumer Price Index in October was 4%, also smaller than September’s 4.2% increase.
Bank of Japan has been ratcheting up its economic growth outlook, with its most recent forecast predicting an average 2.7% expansion in the year to next March, with inflation at 0.7%. Last week, official data showed economic growth halved year-on-year in the July-September quarter as exports weakened and consumer spending slowed.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2196.38 | -9.39 | -0.43 |
Hang Seng | 23696.28 | 115.99 | 0.49 |
Jakarta Composite | 4317.96 | -8.25 | -0.19 |
KLSE Composite | 1794.52 | -0.13 | -0.01 |
Nikkei 225 | 15381.72 | 16.12 | 0.10 |
Straits Times | 3172.85 | 0.47 | 0.01 |
KOSPI Composite | 2006.23 | 12.45 | 0.62 |
Taiwan Weighted | 8116.78 | 17.33 | 0.21 |
