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 |