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Asian markets conclude Thursday’s trade mostly in green

15 May 2014 Evaluate

The Asian markets concluded Thursday’s trade mostly in green, with Hong Kong closing marking a sixth-straight gain, as traders brushed off losses on Wall Street. Jakarta Stock Exchange was closed today on account of Vesak Day holiday. China will accelerate the development of production-oriented service industries in a bid to step up industrial restructuring and prop up economic growth. Priorities will be given to the development of research and design, commercial services, marketing and after-sales services. Southeast Asian currencies rallied as US economic data that trailed estimates weakened the greenback, and political developments in Indonesia spurred the rupiah to its biggest gain since March. Japan’s GDP rose to a seasonally adjusted 1.5%, from 0.1% in the preceding quarter whose figure was revised down from 0.2%. Japan’s GDP price index rose to a seasonally adjusted annual rate of 0.0%, from -0.3% in the preceding quarter. Singaporean Retail Sales rose to a seasonally adjusted -3.9%, from -9.7% in the preceding month whose figure was revised down from -9.5%.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2024.97

-22.94

-1.12

Hang Seng

22730.86

148.09

0.66

Jakarta Composite

-

-

-

KLSE Composite

1879.83

0.63

0.03

Nikkei 225

14298.21

-107.55

-0.75

Straits Times

 3272.49

13.40

0.41

KOSPI Composite

2010.20

-0.63

-0.03

Taiwan Weighted

8880.65

5.49

0.06

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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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