Asian stock markets ended mostly lower on Thursday amid expectations that the European Central Bank’s massive lending to euro-zone banks will not solve the region’s debt crisis. The performance in Asia followed a flat finish for the Dow Jones Industrial Average on Wednesday, after an ECB bank-lending program garnered higher-than-expected demand. The ECB loaned 489 billion euro to 523 banks for three years.
Chinese key share market closed down 0.2 percent after hitting its lowest level since March 2009, as investors worried liquidity will tighten at the year-end following fundraising by large corporates. However, the index bounced back from a decline of as much as 1.9 percent, led by the energy sector, especially green energy-related shares due to the government's support for environmental protection. Moreover, Seoul shares inched down as market cheer from the ECB’s release of cheap liquidity was met with doubt over how much would flow to euro zone countries.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,186.30 | -4.85 | -0.22 |
Hang Seng | 18,378.23 | -38.22 | -0.21 |
Jakarta Composite | 3,795.44 | 1.18 | 0.03 |
Nikkei 225 | 8,395.16 | -64.82 | -0.77 |
Straits Times | 2,664.80 | -8.52 | -0.32 |
Seoul Composite | 1,847.49 | -0.92 | -0.05 |
Taiwan Weighted | 6,966.35 | -0.13 | 0.00 |
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: