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Asian markets conclude Wednesday’s trade mostly in green

02 Apr 2014 Evaluate

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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