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Asian markets conclude Tuesday’s trade mostly in red

27 May 2014 Evaluate

The Asian markets concluded Tuesday’s trade mostly in red, after the regional equity index yesterday climbed to the highest level this year. Jakarta Stock Exchange was closed today on account of ‘Isra Mi'raj of the prophet Muhammad SAW’ holiday. New home sales in Shanghai remained below the 200,000-square-meter threshold for the seventh consecutive week in a local market still beset by sluggish momentum. Purchases of new homes in the seven days ended, excluding government-funded affordable housing, shed 1% to 149,000 square meters. The average cost of new homes rose 13 percent from the prior week to 29,205 yuan ($4,677) per square meter. Hong Kong Trade Balance fell to a seasonally adjusted -55.3B, from -50.4B in the preceding month. Japan’s CSPI rose to a seasonally adjusted annual rate of 3.4%, from 0.7% in the preceding month. South Korean Consumer Confidence fell to 105, from 108 in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2034.57

-6.91

-0.34

Hang Seng

22944.30

-18.88

-0.08

Jakarta Composite

-

-

-

KLSE Composite

1867.57

4.77

0.26

Nikkei 225

14636.52

34.00

0.23

Straits Times

 3274.06

-8.82

-0.27

KOSPI Composite

1997.63

-12.72

-0.63

Taiwan Weighted

9055.29

19.17

0.21

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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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