The Asian markets concluded Tuesday’s trade in green with Hong Kong closing flat, as an early rally fuelled by bargain hunting fizzled out in the afternoon. China’s yuan and money market rates fell after exports shrank last month, indicating the central bank may take measures to support trade and curb interest arbitrage. Japan’s economy grew at a slower pace than initially thought in the last quarter of 2013, underscoring concerns about the pace of recovery under Prime Minister Shinzo Abe’s policy blitz. The fresh figures will turn the focus onto Bank of Japan policymakers as they start a two-day meeting, with speculation they could unveil further monetary easing measures to counter a possible slowdown from a sales tax rise next month. The Bank of Japan board has decided by a unanimous vote to leave the bank’s policy target unchanged while noting weaker exports and slightly higher business investment and factory output. Japan’s Economy Watchers Current Index fell to a seasonally adjusted 53.0, from 54.7 in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2001.16 | 2.09 | 0.10 |
Hang Seng | 22269.61 | 4.68 | 0.02 |
Jakarta Composite | 4704.21 | 26.97 | 0.58 |
KLSE Composite | 1828.55 | 6.49 | 0.36 |
Nikkei 225 | 15224.11 | 103.97 | 0.69 |
Straits Times | 3129.40 | 2.77 | 0.09 |
KOSPI Composite | 1963.87 | 9.45 | 0.48 |
Taiwan Weighted | 8702.33 | 37.09 | 0.43 |
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