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Asian markets conclude Tuesday’s trade in red

04 Feb 2014 Evaluate

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

-

-

-

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