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Asian markets conclude Wednesday’s trade mostly in red

04 Dec 2013 Evaluate

The Asian markets barring Shanghai Composite and Taiwan Weighted concluded Wednesday’s trade in red with Japan’s Nikkei Stock Average fell sharply as yen regained some lost ground. Indonesia’s rupiah forwards fell to a four-year low on speculation companies are boosting purchases of the greenback to make year-end payments amid a lack of dollars in the domestic market. Shanghai led other Chinese cities in economic restructuring as it came out top in a survey ranking their speed of transformation, innovation capability and social harmony. Shanghai’s Economic Restructuring Index stood at 78.1 last year, up 4.6 points from that in 2010 and against the national average of 44.5

Indonesia’s manufacturing activity slowed in November as the country’s manufacturers cut production volumes amid declines in new export orders, fewer workers and higher costs due to a weaker rupiah. HSBC Indonesia’s Purchasing Managers’ Index - which tracks new orders, output, employment, suppliers’ delivery times, and stocks of items purchased, collected form a survey of over 400 manufacturers in Indonesia - fell slightly to 50.3 last month from 50.9 in October.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2251.76

29.09

1.31

Hang Seng

23728.70

-181.77

-0.76

Jakarta Composite

4241.30

-47.46

-1.11

KLSE Composite

1821.90

-2.39

-0.13

Nikkei 225

15407.94

-341.72

-2.17

Straits Times

3160.70

-26.97

-0.85

KOSPI Composite

1986.80

-22.56

-1.12

Taiwan Weighted

8418.00

25.45

0.30

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