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Asian markets close mostly in green on Wednesday

17 Jun 2015 Evaluate

Asian markets closed mostly in green on Wednesday, boosted by a rally on Wall Street, while dealers await the conclusion of a US Federal Reserve policy meeting later in the day. China’s central bank will allow private equity funds into the interbank bond market for the first time as it aims to open the channels wider for companies to access capital. Indonesia’s central bank expects the economy to grow 5 percent this year, slightly slower than its previous 5.1 percent estimate. Bank Indonesia Governor Agus Martowardojo stated that banking in Southeast Asia’s largest economy remained healthy, but credit growth was slowing. Separately, the central bank expects the nation’s current account deficit at around 2.5 percent of gross domestic product in the second quarter, up from 1.8 percent in the previous quarter. South Korea’s central bank governor waved away fears of Asia’s fourth-largest economy slipping into deflation, saying annual inflation will pick up to over 1 percent towards the end of this year.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

4,967.90

80.47

1.65

Hang Seng

26,753.79

187.09

0.70

Jakarta Composite

4,945.75

73.16

1.50

KLSE Composite

1,726.86

4.62

0.27

Nikkei 225

20,219.27

-38.67

-0.19

Straits Times

3,325.91

27.82

0.84

KOSPI Composite

2,034.86

6.14

0.30

Taiwan Weighted

9,189.83

-22.95

-0.25

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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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