Asian Markets Muted After Economic Data - 4th March 2015

March 4, 2015 - PRLog -- Capetian Asset Management is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.

Asian Markets Muted After Economic Data - 4th March 2015

Markets in Asia were muted on Wednesday trading after disappointing data in Japan sparked some profit taking and markets in China were mixed after a slight increase in service PMI.

Markits Services Sector reading dropped from 51.3 in January to 48.5 for February, marking its lowest level since April last year. The slow down spurred profit taking and the index which was holding close to 15yr highs dropped 1% in early trading but settled after lunch.

IN China the HSBC/ Markit Services PMI increase for February posting a 52.0 over January's 51.8. Any score over 50 is seen as expansion yet the Chinese markets were mixed ahead of key Central Bank meetings due later this week.

India made its second inter meeting rate cut in as many months cutting it rates 25 basis points to 7.5%. The move is the second rate cut this year after January's similar cut. Citing a weaker economy the action sees the repo rate at which the central bank lends to commercial banks drop again.

The ministry quoted the strong dollar as a key factor in the decision.

Nikkei 225 - 18,703.60 -0.59%

Hang Seng - 24,644.25 -0.24%

SSE Comp - 3,280.67 +0.54%

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