Most of the Asian equity indices concluded Tuesday's trade in green, after the Bank of Japan maintained remarkable asset purchases and encouraged lending programs. The yen weakened the most in a month after the Bank of Japan doubled a growth-funding facility. The Japanese central bank guaranteed to maintain plans to expand the monetary base by 60 trillion yen ($585 billion) to 70 trillion yen per year. It doubled a funding facility to 7 trillion yen and said individual banks could borrow twice, as much low interest money as previously under a second lending facility. Taiwan's GDP, on an unadjusted basis, advanced 2.95 percent year-on-year in the December quarter, which was slightly faster than the 2.92 percent gain the government had estimated in January.
Shanghai Composite fell, retreating from a two-month high, as the central bank drained liquidity from the financial system. The People’s Bank of China sold repurchase contracts for the first time since June today after data showed record new credit was extended last month. As per the government report, China's FDI climbed 16.1 percent to $10.76 billion in January from a year earlier. That compares with the 2.5 percent median growth forecast and a 3.3 percent rise in December.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2119.07 | -16.35 | -0.77 |
Hang Seng | 22587.72 | 51.78 | 0.23 |
Jakarta Composite | 4556.19 | 0.82 | 0.02 |
KLSE Composite | 1825.24 | -2.24 | -0.12 |
Nikkei 225 | 14843.24 | 450.13 | 3.13 |
Straits Times | 3070.78 | 1.50 | 0.05 |
KOSPI Composite | 1946.91 | 0.55 | 0.03 |
Taiwan Weighted | 8556.23 | 36.68 | 0.43 |
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