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 |