The Asian markets barring Shanghai Composite and Hang Seng concluded Tuesday’s trade in green as upbeat economic data from the US and Europe lifted investor confidence ahead of the Federal Reserve’s policy meeting. Indonesia’s bonds gained, pushing the 10-year yield to the lowest level in almost four weeks, on speculation Bank Indonesia’s decision to hold borrowing costs suggests inflation will slow. The Census and statistics department stated that Hong Kong Unemployment Rate remained unchanged at a seasonally adjusted 3.3%, from 3.3% in the preceding month.
Chinese banks bought foreign exchange worth $164.7 billion last month while selling $128.1 billion, netting a surplus of $36.6 billion. It marked the fourth month of surplus since August, after a deficit in June and July. Besides, China’s holding of US debt surged past $1.3 trillion for the first time in October, worth nearly $1,000 per Chinese citizen.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2151.08 | -9.78 | -0.45 |
Hang Seng | 23069.23 | -45.43 | -0.20 |
Jakarta Composite | 4182.35 | 56.39 | 1.37 |
KLSE Composite | 1850.90 | 13.02 | 0.71 |
Nikkei 225 | 15278.63 | 125.72 | 0.83 |
Straits Times | 3067.57 | 13.80 | 0.45 |
KOSPI Composite | 1965.74 | 4.59 | 0.23 |
Taiwan Weighted | 8352.93 | 39.06 | 0.47 |
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