The Asian markets barring Hang Seng and Straits Times concluded Friday’s trade in red following a negative lead from Wall Street after a disappointing set of corporate results and soft economic data. The Malaysian market remained shut for the trade today in observance of Thaipusam. Japan and China accumulated record amounts of US Treasurys in November, a sign that demand for the haven US debt among those economic giants remains robust even as interest rates rise. China’s foreign direct investment expanded 3.3 percent in December compared with the same month a year earlier, picking up from November’s 2.35 percent and extending growth for the 11th straight month. Foreign investors channeled US$12.08 billion into China last month, bringing actual inbound foreign direct investment to US$117.58 billion for 2013, up 5.25 percent on an annual basis.
The volume of Hong Kong’s goods re-exports increased 3.6% year-on-year for November, while that of domestic exports dropped 10.4%. Taken together, the volume of total goods exports increased 3.4%, while the volume of goods imports rose 4.8%. Goods re-exports’ prices rose 2.7% year-on-year, whereas those of domestic exports dipped 0.1%. Taken together, total goods exports’ prices increased 2.6%. Concurrently, goods imports prices rose 1.7%. Japanese Household Confidence remained unchanged at a seasonally adjusted annual rate of 0.0, from 42.5 in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2004.95 | -18.75 | -0.93 |
Hang Seng | 23133.35 | 146.94 | 0.64 |
Jakarta Composite | 4412.23 | -0.26 | -0.01 |
KLSE Composite | - | - | - |
Nikkei 225 | 15734.46 | -12.74 | -0.08 |
Straits Times | 3147.33 | 6.89 | 0.22 |
KOSPI Composite | 1944.48 | -12.84 | -0.66 |
Taiwan Weighted | 8596.00 | -16.11 | -0.19 |
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