The Asian markets concluded Tuesday’s trade in red tracking weak cues from Wall Street where the major averages tumbled on disappointing economic data. Markets in Shanghai and Taiwan remained closed for Lunar New Year holidays. Japan’s Nikkei fell to a four-month low as the yen’s rise hurt sentiment. The currency-sensitive Japanese market suffered as the US dollar reached more than two-month low against the yen, and even lost grip of the ¥101-handle before slightly recovering.
Indonesia’s government aims to raise Rp 10 trillion ($816 million) from selling bonds and bills on Thursday, in what would be the third of such sales this year as part of the country’s efforts to raise funds to plug the budget deficit. Hong Kong Retail Sales fell to a seasonally adjusted annual rate of 5.7%, from 8.5% in the preceding month. South Korean CPI remained unchanged at a seasonally adjusted annual rate of 1.1%, from 1.1% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | 21397.77 | -637.65 | -2.89 |
Jakarta Composite | 4352.26 | -34.00 | -0.78 |
KLSE Composite | 1778.83 | -25.20 | -1.40 |
Nikkei 225 | 14008.47 | -610.66 | -4.18 |
Straits Times | 2965.80 | -25.15 | -0.84 |
KOSPI Composite | 1886.85 | -33.11 | -1.72 |
Taiwan Weighted | - | - | - |