Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted a HK$43.6 billion investment gain in 2014, the Hong Kong Monetary Authority said on Monday.
President and Chief Executive Officer Subhak Siwaraksa said the decline in results was mainly due to extraordinary items in 2013, which included shared gains from Thai Asset Management Corporation and special provisions.
The 30-share Sensex provisionally ended up 8 points at 27,507 and the 50-share Nifty closed 1 point higher at 8,284.
Weak sentiment in China halted a four-day rally in emerging market stocks on Tuesday, though there was no stopping the resurgent rouble as steadier oil and central bank muscle-flexing lifted it to a two-week high.
Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corporation, is back on track to post double-digit growth for 2014, likely as much as 15 percent, said the Business Times, citing its outgoing chief executive.
United Overseas Bank Bhd, a subsidiary of Singapore-based UOB Group, aims to grow its wholesale bank business revenue by 15 per cent in the next two years.