The Asian markets barring Shanghai Composite concluded Friday's trade in green, with the regional benchmark index rebounding from their biggest drop in two weeks, after a larger-than-forecast climb in a measure of US manufacturing tempered concern about global growth. Japanese Nikkei 225 traded higher as the yen weakened against the dollar and after the US manufacturing hit its highest in nearly four years. The yen fell against its major rivals as minutes from the Bank of Japan’s Jan. 22 policy meeting showed some board members saying that the central bank should provide a clearer explanation that an expected decline in second-quarter domestic growth was factored into its outlook. Japan is on a smooth path toward achieving the 2% inflation target and the Bank of Japan's decision to expand its loan programs will help buoy economic growth.
China's equity market dropped on concerns that the economy might be slowing after a gauge of Chinese manufacturing fell to a seven-month low. Hong Kong's inflation rose more than expected in January to the highest level since July last year. As per the information given by Census and Statistics Department, the composite consumer price index increased 4.6 percent year-on-year in January. The rate was forecast to rise marginally to 4.4 percent from 4.3 percent.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2113.69 | -25.09 | -1.17 |
Hang Seng | 22,568.24 | 174.16 | 0.78 |
Jakarta Composite | 4,646.15 | 47.93 | 1.04 |
KLSE Composite | 1,830.74 | 2.93 | 0.16 |
Nikkei 225 | 14,865.67 | 416.49 | 2.88 |
Straits Times | 3,099.93 | 13.29 | 0.43 |
KOSPI Composite | 1,957.83 | 27.26 | 1.41 |
Taiwan Weighted | 8,601.86 | 77.24 | 0.91 |
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