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Asian markets conclude Monday’s trade mostly in red

20 Jan 2014 Evaluate

The Asian markets concluded Monday’s trade mostly in red with investors eyeing Chinese economic data, including GDP, retail sales and industrial production. Indonesia’s government is hoping to raise Rp 10 trillion ($833 million) from the sale of rupiah-denominated bonds with various tenors as part of its efforts to plug the country’s budget deficit. China’s annual growth eased to 7.7 percent in the fourth quarter as investment and demand flagged late in the year. That leaves growth in the Chinese economy at 7.7 percent for all of 2013, unchanged from revised levels in 2012. On a quarterly basis, gross domestic product (GDP) rose 1.8 percent from July-September, slower than expectations for 2.0 percent and a reading of 2.2 percent in April-June.

Meanwhile, average new home prices in 70 Chinese cities rose to another high year-on-year in December, though sequential gains have moderated, as recent curbs in some major cities hurt some consumers’ appetite for homes. For the 12th consecutive month, prices rose from a year earlier. Chinese Industrial Production fell to 9.7%, from 10.0% in the preceding month while Chinese Retail Sales fell to an annual rate of 13.6%, from 13.7% in the preceding month. Moreover, Chinese Fixed Asset Investment fell to a seasonally adjusted 19.6%, from 19.9% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

1991.25

-13.70

-0.68

Hang Seng

22928.95

-204.40

-0.88

Jakarta Composite

4431.57

19.34

0.44

KLSE Composite

1807.59

-5.42

-0.30

Nikkei 225

15641.68

-92.78

-0.59

Straits Times

3128.79

-18.54

-0.59

KOSPI Composite

1953.78

9.30

0.48

Taiwan Weighted

8621.56

25.56

0.30

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