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Asian markets close mostly in red on Monday

20 Jul 2015 Evaluate

Asian markets closed mostly in red on Monday, while the markets in Japan and Indonesia were closed for public holidays. China’s President Xi Jinping has reassured local governments that the country’s economy still enjoys a promising outlook despite downward growth pressure pegging it around seven percent. He pointed out the Chinese economy is in good condition with unchanged factors, including sound economic fundamentals, remarkable flexibility, huge potential and room for growth. Jinping added that the economy is undergoing steady restructuring with emerging sectors cropping up to lend fresh steam to drive growth. The country’s Commerce Ministry stated that growth in China’s foreign direct investment (FDI) is expected to quicken to around 4 percent in 2015 from the previous year on government efforts to improve its investment environment. China’s real estate market continued to warm in June, with fewer cities seeing new home prices drop for the fourth consecutive month. On a monthly basis, new home prices fell in 34 of the 70 cities monitored by the government in June, down from 43 in May. The Philippines ran a 86.4 billion pesos ($1.91 billion) budget suplus in the first five months of 2015, more than ten times higher than a year ago. Having targeted a deficit of 284 billion pesos for 2015, the government is under pressure to accelerate spending after growth weakened to a six-year low in the first quarter from the previous three months.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,992.11

34.76

0.88

Hang Seng

25,404.81

-10.46

-0.04

Jakarta Composite

-

-

-

KLSE Composite

1,724.13

-2.60

-0.15

Nikkei 225

-

-

-

Straits Times

3,373.48

20.03

0.60

KOSPI Composite

2,073.31

-3.48

-0.17

Taiwan Weighted

8,975.00

-70.98

-0.78

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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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