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Asian markets conclude Monday’s trade in green

17 Feb 2014 Evaluate

The Asian markets concluded Monday's trade in green, with markets in Japan moving higher despite data showing that the nation’s economy grew less-than-expected in the fourth quarter. Japanese markets gained ground despite a stronger yen amid soft growth data. The Cabinet Office stated that Japan's GDP increased by 0.3 percent in the fourth quarter of 2013 on a quarterly basis. Expanding for the fourth straight quarter, the GDP growth missed forecasts for an increase of 0.7 percent following the 0.3 percent gain in the third quarter.

The record new credit in China bolstered confidence in the world’s second-largest economy. China's equity market rose with the benchmark index erasing this year’s losses, after record new credit in January easing concern that the Chinese economy will slow. According to the data released by the People's Bank of China, the bank lending surged to a four-year high in January, setting off alarm bells as Beijing tries to achieve a delicate balance between maintaining growth and managing risk.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2135.41

19.57

0.92

Hang Seng

22535.94

237.53

1.07

Jakarta Composite

4555.37

47.32

1.05

KLSE Composite

1827.48

8.11

0.45

Nikkei 225

14393.11

80.08

0.56

Straits Times

 3069.28

30.57

1.01

KOSPI Composite

1946.36

6.08

0.31

Taiwan Weighted

8,519.55

5.87

0.07

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