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Asian markets conclude Tuesday’s trade mostly in red

25 Mar 2014 Evaluate

The Asian markets concluded Tuesday’s trade mostly in red due to weak US manufacturing survey and worries over Ukraine crisis soured sentiment. New home transactions in Shanghai were little changed from a week ago while their average price fell due to higher sentiment in the mid- to low-end segment. The sales of new homes, excluding government-funded affordable housing, dipped 0.5% to 198,800 square meters last week while their average cost shed 11.4% to 25,097 yuan ($4,048) per square meter.

Hong Kong Trade Balance fell to a seasonally adjusted -53.7B, from -20.0B in the preceding month. Indonesia’s business sector continues to show optimism as regulatory reform and a strengthening rupiah is expected over the next five years. A survey by credit rating agency Fitch Ratings showed a positive and upbeat view on the economy and business environment this year despite elections that traditionally become a cause for caution.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2067.31

1.03

0.05

Hang Seng

21732.32

-114.13

-0.52

Jakarta Composite

4703.09

-17.33

-0.37

KLSE Composite

1837.17

3.32

0.18

Nikkei 225

14423.19

-52.11

-0.36

Straits Times

 3104.17

-7.66

-0.25

KOSPI Composite

1941.25

-4.30

-0.22

Taiwan Weighted

8689.30

83.92

0.98

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