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Asian markets conclude Tuesday’s trade mostly in red

03 Dec 2013 Evaluate

The Asian markets concluded Tuesday’s trade mostly in red while Japanese stocks got a boost from a weaker yen. The purchasing managers index (PMI) for China’s non-manufacturing sector stood at 56 in November, down from 56.3 for October. A PMI reading above 50 indicates expansion, while a reading below 50 indicates contraction. The monthly indicator is released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing. Japan’s monetary base rose more-than-expected last month to 52.5%, from 45.8% in the preceding month.

Indonesia’s annual inflation accelerated slightly in November on the back of rising costs of electricity, processed foods and health care, but the modest increase was not expected to compel Bank Indonesia to take any mitigating action. The consumer price index rose 8.37% last month from a year earlier, compared to an 8.32% rise in October. That brings year-to-date inflation to 7.79% year-on-year, which would still be in line with Bank Indonesia and the government’s estimate that this year’s inflation will be less than 9%.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2222.67

15.30

0.69

Hang Seng

23910.47

-128.08

-0.53

Jakarta Composite

4288.76

-33.21

-0.77

KLSE Composite

1824.29

6.14

0.34

Nikkei 225

15749.66

94.59

0.60

Straits Times

3187.67

-1.09

-0.03

KOSPI Composite

2009.36

-21.42

-1.05

Taiwan Weighted

8392.55

-22.06

-0.26

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