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Asian markets conclude Wednesday’s trade mostly in green

05 Mar 2014 Evaluate

The Asian markets barring Shanghai Composite and Hang Seng concluded Wednesday’s trade in green following remarks from Russian President Vladimir Putin that allayed fears of an imminent military conflict in Ukraine. At the start of China’s annual meeting of its legislature, the National People’s Congress, Premier Li Keqiang stated that the government would keep its economic-growth target at 7.5% in 2014, unchanged from that of 2012 and 2013. The consumer inflation target was set at 3.5%. The world’s second-largest economy grew 7.6% in 2013, its slowest pace since 1999. Robust demand for mid- to high-end properties saw sales of new homes rise in Shanghai last week, but they were below the average weekly sales over the past 12 months. The purchases of new homes rose 13.5 percent weekly to 179,200 square meters during the week. Philippines CPI rose to a seasonally adjusted annual rate of 0.1%, from 0.7% in the preceding quarter while Taiwanese CPI fell to a seasonally adjusted annual rate of -0.05%, from 0.76% in the preceding quarter.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2053.08

-18.39

-0.89

Hang Seng

22579.78

-77.85

-0.34

Jakarta Composite

4659.17

57.89

1.26

KLSE Composite

1829.11

2.65

0.15

Nikkei 225

14897.63

176.15

1.20

Straits Times

 3116.64

11.93

0.38

KOSPI Composite

1971.24

17.13

0.88

Taiwan Weighted

8632.93

78.39

0.92

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