The Asian markets barring Hang Seng and Nikkei 225 concluded Tuesday’s trade in green as investors opted to take positions in beaten down but fundamentally strong stocks after recent sharp losses. Taiwan market is closed on account of ‘No Trading’ day. The market will open tomorrow only for Clearing & Settlement and will remain close till February 4 on account of ‘Spring Festival’ holiday. Indonesia’s rupiah bonds, the developing world’s worst performers in the past three months, are extending losses as emerging-market selloff returns just as the government ramps up debt sales before elections. The Indonesian Chamber of Commerce and Industry, the country’s premier business lobby, lowered its forecast on the nation’s economic growth this year to reflect a global slowdown. The economy probably will expand at between 5.2% and 5.8% this year, according to the organization known as Kadin, and that is lower than the government’s growth target of 5.8%.
Hong Kong saw a 3.6% rise in the value of total exports of goods in 2013 from 2012 while that for the imports of goods gained 3.8%. The value of re-exports increased by 3.8% and the value of domestic exports fell by 7.6%. A visible trade gap of HK$501 billion ($64.6 billion), equivalent to 12.3% of the value of imports of goods, was recorded in 2013. Japan’s CSPI rose to a seasonally adjusted annual rate of 1.3%, from 1.2% in the preceding month whose figure was revised up from 1.0%. Taiwanese GDP rose to 2.92%, from 1.58% in the preceding month while Thailand’s Industrial Production rose to a seasonally adjusted -6.2%, from -10.6% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2038.51 | 5.21 | 0.26 |
Hang Seng | 21960.64 | -15.46 | -0.07 |
Jakarta Composite | 4341.65 | 18.87 | 0.44 |
KLSE Composite | 1781.25 | 2.37 | 0.13 |
Nikkei 225 | 14980.16 | -25.57 | -0.17 |
Straits Times | 3062.41 | 19.98 | 0.66 |
KOSPI Composite | 1916.93 | 6.59 | 0.34 |
Taiwan Weighted | - | - | - |