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Asian markets close mostly in red on Monday

17 Aug 2015 Evaluate

The Asian markets closed mostly in red on Monday, while Jakarta Stock Exchange was closed on account of ‘Independence Day’ holiday. Beijing is stepping up curbs on property market speculation after prices surged in one area of the capital, raising concerns some bigger cities may also tighten home purchase rules. China’s year-long slump in the housing market has dragged on the economy but there are fears bubbles are forming in some big cities even as prices in smaller cities languish. South Korean President Park Geun-hye stated that the domestic economy was returning to a modest recovery path after the shocks of the deadly Middle East Respiratory Syndrome ( MERS), but expressed concerns about China’s devaluation of the yuan. Japan’s economy shrank at an annualized pace of 1.6 percent in the April-June period, contracting for the first time in three quarters on weak exports and consumer spending. The preliminary reading for gross domestic product compared with the median estimate of a 1.9 percent contraction. It followed a revised 4.5 percent expansion in the first quarter.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,993.67

28.33

0.71

Hang Seng

23,814.65

-176.38

-0.74

Jakarta Composite

-

-

-

KLSE Composite

1,572.54

-24.28

-1.52

Nikkei 225

20,620.26

100.81

0.49

Straits Times

3,067.35

-46.90

-1.51

KOSPI Composite

1,968.52

-14.94

-0.75

Taiwan Weighted

8,213.42

-92.22

-1.11

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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