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Asian markets close mostly in red on Tuesday

16 Jun 2015 Evaluate

Asian markets closed mostly in red on Tuesday, as markets braced for the possibility of Greece defaulting on its debt. The Shanghai Composite was pulled down by regulation that now caps the size of margin trading and short-selling in the world's second-largest economy. The area of new homes sold in Shanghai fell to a nine-week low, but strong sales in the high-end segment pushed average price to a new high. A total of 249,400 square meters of new residential properties, excluding government-funded affordable housing, were sold in the city last week, a decrease of 6.3 percent from the previous seven-day period. Bank of Japan policymakers may debate the potential demerits of further yen declines at their rate review on Friday, suggesting that growing political concern over excessive yen weakness could delay the timing of any further monetary easing. In recent parliament debates, lawmakers have urged Governor Haruhiko Kuroda not to be hasty in trying to meet the inflation target and to hold off on more easing that could spur unwelcome yen falls. Indonesia’s central bank will keep its key interest rate on hold on a policy meeting on Thursday, after inflation rose in May and the rupiah is trading near its lowest level since August 1998. In May, the annual inflation rate was its highest this year, at 7.15 percent. Last week, the rupiah reached a 17-year low of 13,384 per dollar, and it remains close to that level.


Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

4,887.43

-175.56

-3.47

Hang Seng

26,566.70

-295.11

-1.10

Jakarta Composite

4,872.60

34.80

0.72

KLSE Composite

1,722.24

0.08

-

Nikkei 225

20,257.94

-129.85

-0.64

Straits Times

3,298.09

-25.04

-0.75

KOSPI Composite

2,028.72

-13.60

-0.67

Taiwan Weighted

9,212.78

-46.70

-0.50

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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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