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Asian markets close in green on Wednesday

16 Dec 2015 Evaluate

Asian equity markets ended in green on Wednesday, with sentiment helped by broad gains on Wall Street before an expected rise in U.S. interest rates later in the day. Hong Kong stocks rebounded and breaking a nine-session losing streak as energy shares surged. Chinese shares closed higher, with energy stocks gaining ground after China's top planning body, the National Development and Reform Commission, suspended a retail oil price cut that was scheduled for Wednesday and said it would adjust the current pricing mechanism in a bid to combat air pollution, and news that China plans to issue significantly more government bonds next year to aid the economy. 

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,516.19 5.830.17
Hang Seng21,701.21426.842.01
Jakarta Composite4,483.4574.281.68
KLSE Composite1,634.1311.290.70
Nikkei 22519,049.91484.012.61
Straits Times2,840.92 25.400.90
KOSPI Composite1,969.4036.431.88
Taiwan Weighted8,184.66 111.311.38

 

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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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