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Asian markets conclude Friday’s trade mostly in green

23 May 2014 Evaluate

The Asian markets concluded Friday’s trade mostly in green, heading for a four-month high, after data showed US manufacturing expanded and as the yen held yesterday’s losses. Japan’s trade deficit narrowed again last month as a sales tax hike weighed on imports - denting demand for foreign fruit, lobsters and crude oil - while shipments of goods to overseas markets picked up pace. The finance ministry data showed the trade deficit shrank 7.8% year on year in April, with Japan logging a shortfall of 808.9 billion yen ($8 billion) against the year-before deficit of 877.4 billion yen. Industrial production in Taiwan rose more-than-expected last month. Taiwanese Industrial Production rose to a seasonally adjusted annual rate of 4.80%, from 3.05% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2034.57

13.28

0.66

Hang Seng

22965.86

12.10

0.05

Jakarta Composite

4973.06

3.18

0.06

KLSE Composite

1869.22

-5.90

-0.31

Nikkei 225

14462.17

124.38

0.87

Straits Times

 3278.02

12.36

0.38

KOSPI Composite

2017.17

1.58

0.08

Taiwan Weighted

9008.22

38.59

0.43

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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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