The Asian markets barring Shanghai Composite and Straits Times concluded Monday’s trade in green after a worse-than-expected jobs report from United States could lead the Federal Reserve to hold off any fresh cuts to its stimulus program. Thailand stocks were struggling, though are off session-lows, as thousands of people participate in an anti-government protest in the capital city of Bangkok. The Japanese market remained closed today on account of ‘Coming of Age Day’ holiday. Indonesia’s rupiah gained the most in six weeks and the stock index had its biggest rally since September after an ore export ban was diluted. Indonesia will be shut on Tuesday for a public holiday and will reopen on Wednesday.
Shanghai’s tax revenue rose 8.7 percent from a year earlier to 801 billion yuan ($131.3 billion) in 2013, excluding taxes levied by the customs and stamp tax on securities transactions. The service industry paid nearly two-thirds of Shanghai’s tax revenue last year and financial firms took the lead as they made up 40 percent of the 100 top service taxpayers, underlining the city’s goal to be a global financial center.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2009.56 | -3.73 | -0.19 |
Hang Seng | 22888.76 | 42.51 | 0.19 |
Jakarta Composite | 4390.77 | 135.80 | 3.19 |
KLSE Composite | 1834.97 | 8.36 | 0.46 |
Nikkei 225 | - | - | - |
Straits Times | 3135.49 | -8.38 | -0.27 |
KOSPI Composite | 1948.92 | 10.38 | 0.54 |
Taiwan Weighted | 8566.20 | 36.85 | 0.43 |