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Asian markets conclude Thursday’s trade mostly in green

18 Apr 2014 Evaluate

The Asian markets concluded Thursday’s trade mostly in green with regional markets like Singapore Stock Exchange, Jakarta Stock Exchange and Hong Kong Stock Exchange  remained closed on account of Good Friday holiday. The International Monetary Fund stated that South Korea’s won was estimated to be undervalued by as much as 8%, as the country has tended to be more active intervening against the won’s appreciation. Japanese tertiary industry activity index fell to a seasonally adjusted -1.0%, from 0.2% in the preceding month whose figure was revised down from 0.9%. China’s economy expanded 7.4% between January and March, its slowest pace in 18 months, prompting the government to act quickly to shore up growth. Average new home prices in China’s 70 major cities rose 7.7% in March from a year earlier, easing from the previous month’s 8.7% rise. In month-on-month terms, prices rose 0.2% in March, slowing from February’s rise of 0.3%. The National Bureau of Statistics stated that new home prices in Beijing rose 10.3% in March from a year earlier, compared with February’s increase of 12.2%.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2097.75

-1.14

-0.05

Hang Seng

-

-

-

Jakarta Composite

-

-

-

KLSE Composite

1852.69

2.15

0.12

Nikkei 225

14516.27

98.74

0.68

Straits Times

 -

-

-

KOSPI Composite

2004.28

12.23

0.61

Taiwan Weighted

8966.66

22.50

0.25

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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