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Asian markets conclude Tuesday’s trade mostly in green

06 May 2014 Evaluate

The Asian markets concluded Tuesday’s trade mostly in green, despite lingering concerns about a slowdown in China and on worries about the situation in Ukraine. Hong Kong and South Korea markets remained shut for the trade today on account of Buddha’s Birthday Holiday, while the Japanese market is closed for Greenery Day. New home sales in Shanghai fell to the lowest in 11 weeks as sluggish momentum continued to prevail among home buyers and real estate developers. The purchases of new residential properties, excluding government-subsidized affordable housing, dropped 35.9% week on week to 125,900 square meters. The average cost of the new houses, meanwhile, rose 6% from the previous week to 27,933 yuan ($4,505) per square meter. Taiwanese CPI fell to a seasonally adjusted annual rate of 0.16%, from 0.30% in the preceding quarter. Philippines CPI rose to a seasonally adjusted annual rate of 0.4%, from -0.1% in the preceding quarter.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2028.04

0.69

0.03

Hang Seng

-

-

-

Jakarta Composite

4834.47

-8.04

-0.17

KLSE Composite

1860.43

-0.11

-0.01

Nikkei 225

-

-

-

Straits Times

 3245.56

3.96

0.12

KOSPI Composite

-

-

-

Taiwan Weighted

8912.39

41.96

0.47

 

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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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