The Asian markets concluded Wednesday’s trade mostly in green tracking upbeat manufacturing data from US with Hang Seng Index closing in green for the fourth session in a row. The monetary base in Japan spiked 54.8 percent on year in March, standing at 208.592 trillion yen that follows the 55.7 percent jump in February and the 51.9 percent increase in January. Housing prices in China kept heading north in March, though at a slower pace. The average price of new homes in 100 cities climbed 0.38 percent last month from February to 11,002 yuan ($1,773) per square meter, the 22nd straight month-on-month gain.
According to the Asian Development Bank the emerging Asia’s economic growth will probably accelerate in 2015 from this year, helped by increasing momentum in developed nations and withstanding a slowdown in China’s expansion. The region will probably grow 6.4 percent next year from a 6.2 percent pace this year. China’s economy is forecast to expand 7.4 percent in 2015, slowing from 7.5 percent this year.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2058.99 | 11.53 | 0.56 |
Hang Seng | 22523.94 | 75.40 | 0.34 |
Jakarta Composite | 4870.21 | -3.73 | -0.08 |
KLSE Composite | 1852.00 | 4.24 | 0.23 |
Nikkei 225 | 14946.32 | 154.33 | 1.04 |
Straits Times | 3192.78 | -5.74 | -0.18 |
KOSPI Composite | 1997.25 | 5.27 | 0.26 |
Taiwan Weighted | 8905.45 | 32.30 | 0.36 |
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