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Asian markets end mostly higher on Thursday

28 Jan 2016 Evaluate

Asian equity markets ended mostly higher on Thursday, despite a poor lead from Wall Street after the Federal Reserve warned of slowing growth. Hong Kong shares closed higher after the People's Bank of China pumped the largest amount of cash into the financial system in nearly three years in a bid to prevent a possible cash crunch ahead of the week-long Lunar New Year starting on February 8. However, China stocks slumped again to a fresh one-year low as panic selling resumed. Japanese stocks fell in choppy trade, with volatility in oil prices and fears of a global slowdown continuing to hurt sentiment, while cautious investors looked forward to the conclusion of the Bank of Japan's policy meeting on Friday.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,655.66 -79.90 -2.92
Hang Seng19,195.83143.380.75
Jakarta Composite4,602.83 19.200.42
KLSE Composite1,634.53 2.990.18
Nikkei 22517,041.45 -122.47-0.71
Straits Times2,562.45 16.270.64
KOSPI Composite1,906.949.070.48
Taiwan Weighted7,905.10 55.270.70

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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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