The Asian markets barring Taiwan Weighted concluded Tuesday’s trade in green with Japanese shares touching a six-year high, helped by a weaker yen and propelled steadily upward as investors looked to developed Asia for returns, indicating growing faith in Japan’s reform agenda. China’s interbank money rates rose yesterday despite the central bank’s injection of 300 billion yuan ($49.1 billion) last week because banks need to amass cash to meet year-end regulatory requirement. China’s local government debt may have doubled in the previous two years to an alarming level of nearly 20 trillion yuan ($3.3 trillion) by the end of 2012. The combined debt of central and local governments totaled nearly 28 trillion yuan, or 53% of last year’s gross domestic product.
Besides, home prices in the largest cities may peak in the first quarter and drop at the end of next year. The price of homes in large Chinese cities continued to rise from a year earlier in November. New home prices increased month on month in 66 of the 70 major cities monitored by the government last month, up from 65 in October. In Hong Kong, overall consumer prices rose 4.3% year-on-year in November, matching October’s figure. Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 4%, also matching October’s figure.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2092.91 | 3.20 | 0.15 |
Hang Seng | 23179.55 | 257.99 | 1.13 |
Jakarta Composite | 4202.83 | 13.23 | 0.32 |
KLSE Composite | 1835.49 | 2.63 | 0.14 |
Nikkei 225 | 15889.33 | 18.91 | 0.12 |
Straits Times | 3127.29 | 11.07 | 0.36 |
KOSPI Composite | 2001.59 | 4.70 | 0.24 |
Taiwan Weighted | 8450.49 | -5.97 | -0.07 |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: