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Asian markets conclude Wednesday’s trade mostly in red

04 Jun 2014 Evaluate

The Asian markets concluded Wednesday’s trade mostly in red, retreating from a seven-month high, as investors await a report on US jobs and a decision from the European Central Bank on monetary policy. South Korea market was closed today on account of ‘Regional Election Day’ holiday. China’s service sector performed at its best in six months in May as the economy stabilized. According to the National Bureau of Statistics and the China Federation of Logistics and Purchasing, the official non-manufacturing Purchasing Managers’ Index, a gauge of service vitality weighted over state-owned enterprises, rose to 55.5 last month. Indonesia’s central bank deputy governor stated that the country’s current account deficit will be around 2.8 to 2.9 percent of GDP this year. The deficit was 3.3 percent last year. Singaporean PMI fell to 50.8, from 51.1 in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2024.83

-13.47

-0.66

Hang Seng

23151.71

-139.33

-0.60

Jakarta Composite

4932.56

-9.59

-0.19

KLSE Composite

1865.20

-7.35

-0.39

Nikkei 225

15067.96

33.71

0.22

Straits Times

 3280.17

-16.50

-0.50

KOSPI Composite

-

-

-

Taiwan Weighted

9119.96

-3.50

-0.04

About MoneyWorks4Me

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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