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Asian markets conclude Friday’s trade in red

03 Jan 2014 Evaluate

The Asian markets concluded Friday’s trade in red, following a negative lead from the US, while Hong Kong led the region lower as data pointed to a slowing expansion in China’s service sector. Thailand’s markets were also in focus as the country is lurched further toward a political crisis. Japan’s Stock Exchange was closed for the day. China’s official nonmanufacturing Purchasing Managers' Index fell to 54.6 in December from 56.0 in November. The nonmanufacturing PMI covers services including retail, aviation and software as well as the real-estate and construction sectors. The report came just a day after regional sentiment took a hit from two separate reports which pointed to a deceleration in China’s manufacturing sector, raising concerns that Asia’s largest economy might be losing momentum.

Singaporean GDP fell to a seasonally adjusted 4.4%, from 5.8% in the preceding quarter. Hong Kong Retail Sales rose to a seasonally adjusted annual rate of 8.5%, from 6.3% in the preceding month. Thailand’s CPI fell to a seasonally adjusted annual rate of 1.67%, from 1.92% in the preceding month. Indonesian Inflation rose to a seasonally adjusted 8.38%, from 8.37% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2083.14

-26.25

-1.24

Hang Seng

22817.28

-522.77

-2.24

Jakarta Composite

4257.66

-69.60

-1.61

KLSE Composite

1834.74

-18.21

-0.98

Nikkei 225

-

-

-

Straits Times

3131.47

-43.18

-1.36

KOSPI Composite

1946.14

-21.05

-1.07

Taiwan Weighted

8546.54

-66.00

-0.77

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