Asian markets conclude Monday’s trade mostly in green

13 Jan 2014 Evaluate

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

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