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Asian markets conclude Wednesday’s trade in red

12 Mar 2014 Evaluate

The Asian markets concluded Wednesday’s trade in red taking their lead from another sell-off on Wall Street, while Tokyo took a hit as the yen climbed against the dollar with profit-takers moving in following last week’s greenback rally. Indonesia’s central bank is widely expected to hold its key interest rate steady at a meeting scheduled on Thursday, in spite of a recent trade deficit, as the country’s inflation pace has declined and the rupiah has strengthened significantly this year. It is expected that Bank Indonesia may keep its reference rate steady at 7.50% for a fourth consecutive month.

Japanese Household Confidence rose to a seasonally adjusted annual rate of 38.3, from 40.5 in the preceding month while Japanese tertiary industry activity index rose to a seasonally adjusted 0.9%, from -0.5% in the preceding month whose figure was revised down from -0.4%. Japan’s Corporate Goods Price Index fell to a seasonally adjusted annual rate of 1.8%, from 2.4% in the preceding month. Japan’s BSI large manufacturing conditions rose to a seasonally adjusted annual rate of 12.5, from 9.7 in the preceding quarter. South Korean Unemployment Rate rose to a seasonally adjusted annual rate of 3.9%, from 3.2% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

1997.69

-3.47

-0.17

Hang Seng

21901.95

-367.66

-1.65

Jakarta Composite

4684.38

-19.83

-0.42

KLSE Composite

1818.60

-9.95

-0.54

Nikkei 225

14830.39

-393.72

-2.59

Straits Times

 3097.43

-31.97

-1.02

KOSPI Composite

1932.54

-31.33

-1.60

Taiwan Weighted

8684.73

-17.60

-0.20

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