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Asian markets conclude Wednesday’s trade mostly in green

08 Jan 2014 Evaluate

The Asian markets barring Shanghai Composite and Seoul Composite concluded Wednesday’s trade in green helped by positive US economic news. Indonesia raised $4 billion from a sale of dollar-denominated bonds, seeking to draw global capital and shore up Asia’s worst-performing currency as the Federal Reserve begins to cut stimulus. Bank Indonesia’s board of governors will hold its monthly monetary policy meeting on Thursday in Jakarta. China’s consumer confidence rose for five straight months as of December amid increasing optimism over future personal finances. The monthly measure of consumer sentiment in China hit 97.5 in December, the highest since June 2012.

The number of properties sold in Hong Kong fell by more than a third last year to a 17-year low as a drastic increase in tax on home sales, introduced to tackle rising prices, easily outweighed discounts offered by the city’s property developers. The total number of sale and purchase agreements concluded in 2013 was 70,503, down 39% from 2012’s level. The value of deals dropped 30% from a year earlier to HK$456 billion ($59 billion). Malaysian Trade Balance rose to 9.70B, from 8.20B in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2044.34

-2.98

-0.15

Hang Seng

22996.59

283.81

1.25

Jakarta Composite

4200.59

24.79

0.59

KLSE Composite

1831.30

6.19

0.34

Nikkei 225

16121.45

307.08

1.94

Straits Times

3150.65

29.77

0.95

KOSPI Composite

1958.96

-0.48

-0.02

Taiwan Weighted

8556.01

43.71

0.51

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