The Asian markets barring Shanghai Composite concluded Wednesday’s trade mostly in green following a rally on Wall Street after data showed a strong pick-up in US consumer confidence. Shanghai closed lower despite market sentiment was lifted yesterday after the government announced a slew of infrastructure investment plans that may boost the economy. The French trade credit and insurance group stated that Indonesia, Bangladesh and Ethiopia are among 10 countries set to take over as emerging economies from the powerful BRICS nations as they struggle with growing pains. Singaporean Industrial Production rose to an annual rate of 12.8%, from 4.4% in the preceding month whose figure was revised up from 3.9%. Japan’s CSPI remained unchanged at a seasonally adjusted annual rate of 0.7%, from 0.7% in the preceding month whose figure was revised down from 0.8%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2063.67 | -3.64 | -0.18 |
Hang Seng | 21887.75 | 155.43 | 0.72 |
Jakarta Composite | 4728.24 | 25.15 | 0.53 |
KLSE Composite | 1839.14 | 1.97 | 0.11 |
Nikkei 225 | 14477.16 | 53.97 | 0.37 |
Straits Times | 3143.32 | 39.15 | 1.26 |
KOSPI Composite | 1964.31 | 23.06 | 1.19 |
Taiwan Weighted | 8737.27 | 47.97 | 0.55 |