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Asian markets conclude Monday’s trade mostly in red

16 Jun 2014 Evaluate

The Asian markets concluded Monday’s trade mostly in red, as concerns over escalating violence in Iraq weighed on sentiment. Markets continued to monitor events in Iraq as militants linked to al-Qaeda threatened to take Baghdad after capturing key cities elsewhere in the country over the weekend. The number of private homes sold by developers in Singapore in May was the highest monthly figure in almost a year. Developers sold 1,470 units last month, a 0.8 percent rise compared to 1,459 units in May 2013. The level of sales was nearly double April’s figure of 749 and was the highest since June 2013 when 1,806 units were sold. Singapore has taken steps to cool the housing market, and property prices have fallen for the past two quarters. Hong Kong’s gross national income rose 3.5% year-on-year to $537.3 billion in the first quarter, while Gross Domestic Product grew 4.6% to $530 billion. Hong Kong’s GNI was larger than its GDP by $7.3 billion, representing a net external primary income inflow of the same amount, and equivalent to 1.4% of GDP in that quarter.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2085.98

15.27

0.74

Hang Seng

23300.67

-18.50

-0.08

Jakarta Composite

4885.46

-41.20

-0.84

KLSE Composite

1871.58

-5.16

-0.27

Nikkei 225

14933.29

-164.55

-1.09

Straits Times

 3290.26

-2.99

-0.09

KOSPI Composite

1993.59

2.74

0.14

Taiwan Weighted

9202.93

6.54

0.07

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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