The Asian markets barring KLSE Composite concluded Thursday’s trade in red on speculation that Federal Reserve could start cutting back its bond purchases earlier than expected. Indonesia’s weakening currency has yet to pose a threat to the country’s investment grade status, according to Moody’s Investors Service, which cited the country’s resilient growth and low debt burden. The rating agency warned government officials over mounting risk from rising private debt, which could make the country more susceptible to external financial shocks. Bank of Japan Governor Haruhiko Kuroda pledged to counter any new downside risks to the goal of sustained annual inflation of 2% by 2015. Kuroda stated that BoJ would act by adjusting monetary policy without hesitation.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2247.06 | -4.70 | -0.21 |
Hang Seng | 23712.57 | -16.13 | -0.07 |
Jakarta Composite | 4216.89 | -24.41 | -0.58 |
KLSE Composite | 1824.86 | 2.96 | 0.16 |
Nikkei 225 | 15177.49 | -230.45 | -1.50 |
Straits Times | 3124.38 | -36.32 | -1.15 |
KOSPI Composite | 1984.77 | -2.03 | -0.10 |
Taiwan Weighted | 8375.54 | -42.46 | -0.50 |
