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Asian markets conclude Tuesday’s trade in green

11 Feb 2014 Evaluate
The Asian markets concluded Tuesday’s trade in green, while the Nikkei 225 was closed on account of ‘National Foundation Day’ holiday. Japan’s Economy Watchers Current Index fell to a seasonally adjusted 54.7, from 55.7 in the preceding month while Japanese Household Confidence rose to a seasonally adjusted annual rate of 40.5, from 41.3 in the preceding month. Malaysia is expected to report strong fourth-quarter GDP growth of 4.7%, benefiting from increased industrial production and a boost to exports. The Southeast Asian country is set to report its fourth quarter GDP growth early Wednesday morning. Taiwanese Trade Balance rose to a seasonally adjusted annual rate of 2.97B, from 1.41B in the preceding month.

The Paris-based Organization for Economic Cooperation and Development (OECD) stated that the outlook for most advanced economies is improving, with recoveries in the United States and Japan leading the way. The monthly leading indicator covering 33 member countries had reached its highest level since February 2011 in December, indicating that growth was firming. Japan saw its indicator move up to 101.4 from 101.3 in November, also hitting its highest level since the financial crisis as the central bank boosts the economy with unprecedented monetary stimulus while China’s reading stable at 99.3.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2103.67

17.60

0.84

Hang Seng

21962.98

383.72

1.78

Jakarta Composite

4470.19

19.44

0.44

KLSE Composite

1824.17

8.03

0.44

Nikkei 225

-

-

-

Straits Times

 3029.10

11.90

0.39

KOSPI Composite

1932.06

8.76

0.46

Taiwan Weighted

8430.56

38.61

0.46

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