The Asian markets concluded Thursday’s trade mostly in green while Shanghai dropped as financial shares declined over poor earnings reports while property developers retreated after days of gains. South Korean Consumer Confidence remained unchanged at 108, from 108 in the preceding month. Monthly land sales in Shanghai dipped below the 10-billion-yuan ($1.6 billion) threshold for the first time in a year amid a double-digit drop in supply volume. A total of 12 land parcels, excluding those designated for public use, had been auctioned in the city so far this month. They fetched a combined 9.84 billion yuan, a month-on-month decline of 12.8 percent and a year-on-year rise of 4 percent by value. Hong Kong, the Chinese mainland and Singapore have been the region’s biggest buyers of real estate outside Asia and are set to remain key sources in the next few years.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2046.59 | -17.08 | -0.83 |
Hang Seng | 21834.45 | -53.30 | -0.24 |
Jakarta Composite | 4723.06 | -5.18 | -0.11 |
KLSE Composite | 1846.87 | 7.73 | 0.42 |
Nikkei 225 | 14622.89 | 145.73 | 1.01 |
Straits Times | 3162.46 | 19.14 | 0.61 |
KOSPI Composite | 1977.97 | 13.66 | 0.70 |
Taiwan Weighted | 8779.57 | 42.30 | 0.48 |