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Asian markets close mostly in red on Wednesday

18 Nov 2015 Evaluate

The Asian markets closed mostly lower on Wednesday, as sentiments got affected by fears of fresh terror attacks in Europe. Investors in the region were also wary of the outcome of Bank of Japan’s two-day policy meeting, which started on Wednesday, after previous data indicated negative growth. Japan has slid back into recession as the economy deteriorated more severely than expected in the third quarter. Meanwhile, Chinese President Xi Jinping stated that the fundamentals of China’s economy remain positive, the economy is proving resilient to the pains of deepening reform and there is ample room to fend off downward pressure. Xi added that the world economy was beset with uncertainties with growth continuing to fall short of expectations. Home prices in China rose for first time in over a year in October on an annual basis, signaling a housing market stabilization that could help re-energize the listless economy. Average new home prices rose 0.1 percent in October from a year earlier, reversing September’s 0.9 percent drop, marking the first year-on-year gains since August 2014. In a sign of the weakness in the housing market, month-on-month price gains were recorded in only 27 of the 70 cities tracked by the NBS, down from 39 in September. Thailand GDP rose to a seasonally adjusted 2.9%in the last month compared to 2.8% in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,568.47

-36.33

-1.01

Hang Seng

22,188.26

-75.99

-0.34

Jakarta Composite

4,497.91

-3.04

-0.07

KLSE Composite

1,656.50

-5.03

-0.30

Nikkei 225

19,649.18

18.55

0.09

Straits Times

2,886.08

-30.70

-1.05

KOSPI Composite

1,962.88

-0.70

-0.04

Taiwan Weighted

8,340.47

-78.95

-0.94

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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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