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Asian Markets end higher on last trading day of 2011

30 Dec 2011 Evaluate

Most of the Asian equity indices signed off the year 2011 on a positive note on Friday following a positive finish for Wall Street, with US employment and housing data hinting at a strengthening domestic economy. US jobless claims rose but held below the crucial 400,000 level for the fourth straight week, with the number filing for benefits during the past month hitting a three-year low.

Meanwhile, Chinese benchmark Shanghai Composite surged over a percentage point shrugging of the country’s factory activity which shrank in December as demand at home and abroad slackened. The final HSBC purchasing managers' index (PMI) reached 48.7 in December, slightly better than the 47.7 in November but lower than preliminary PMI of 49 released earlier this month, as new orders dropped.

However, Stock markets in Seoul remained closed on account public holiday.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,199.42

25.86

1.19

Hang Seng

18,434.39

36.47

0.20

Jakarta Composite

3,821.99

13.22

0.35

Nikkei 225

8,455.35

56.46

0.67

Straits Times

2,646.35

-26.43

-0.99

Taiwan Weighted

7,072.08

-2.74

-0.04

Seoul Composite

-

-

-

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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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