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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