The Asian markets concluded Monday’s trade mostly in green following a strong lead from Wall Street. Jakarta Stock Exchange was closed for trade on account of ‘Hindu New Year’ holiday. Thailand’s investment promotion board stated that the latest casualty of country’s five-month political deadlock may be foreign investment as project approvals face delays and new investors hesitate to commit funds. The applications for investment incentives fell 58% to 63.1 billion baht ($1.94 billion) in the first two months of 2014. The Hong Kong Monetary Authority stated that Yuan deposits in Hong Kong increased by 3% to 920.3 billion yuan at the end of February. Total remittance of yuan for cross-border trade settlement amounted to 394.1 billion yuan in February, compared with 492.3 billion in January.
Japan’s industrial production fell to a seasonally adjusted -2.3%, from 3.8% in the preceding month while Housing Starts fell to a seasonally adjusted 1.0%, from 12.3% in the preceding quarter. The National Statistical Office Thailand stated that Thai Trade Balance rose to a seasonally adjusted 3.90B, from -0.75B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2033.31 | -8.41 | -0.41 |
Hang Seng | 22151.06 | 85.53 | 0.39 |
Jakarta Composite | - | - | - |
KLSE Composite | 1849.21 | -1.52 | -0.08 |
Nikkei 225 | 14827.83 | 131.80 | 0.90 |
Straits Times | 3188.62 | 16.45 | 0.52 |
KOSPI Composite | 1985.61 | 4.61 | 0.23 |
Taiwan Weighted | 8849.28 | 74.64 | 0.85 |