The Asian markets barring Shanghai Composite concluded Monday’s trade in green. A weaker Japanese currency has helped to propel stock prices higher, boosting profits in Japan’s export-oriented corporate sector. Policies that have spurred yen weakness are part of Prime Minister Shinzo Abe’s plan to revive the country’s long-stagnant economy. Bank Indonesia sees the country’s foreign debt level, public and private, as still being within safe levels. South Korean Industrial Production fell to a seasonally adjusted annual rate of -1.3%, from 3.3% in the preceding month whose figure was revised up from 3.0%.
In Hong Kong, mortgage loans drawn down in November decreased 0.4% to $11.2 billion compared with October, the Monetary Authority stated. Mortgage loan approvals decreased 2.1% to $14.6 billion. Mortgage loans financing primary market transactions decreased 2.3% to $3.5 billion, and those financing secondary market transactions decreased 6.2% to $8 billion. The number of mortgage applications in November decreased 11.9% month-on-month to 7,567. Hong Kong Trade Balance fell to a seasonally adjusted -44.6B, from -38.5B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2097.53 | -3.72 | -0.18 |
Hang Seng | 23244.87 | 1.63 | 0.01 |
Jakarta Composite | 4274.18 | 61.20 | 1.45 |
KLSE Composite | 1872.52 | 11.46 | 0.62 |
Nikkei 225 | 16291.31 | 112.37 | 0.69 |
Straits Times | 3153.29 | 3.53 | 0.11 |
KOSPI Composite | 2011.34 | 9.06 | 0.45 |
Taiwan Weighted | 8623.43 | 88.39 | 1.04 |
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