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Asian markets end mostly higher on Wednesday

30 Mar 2016 Evaluate

Asian equity markets ended mostly higher on Wednesday followed Wall Street’s gains after Federal Reserve Chair Janet Yellen offered another dovish outlook on the US economy and the pace of rate hikes, citing heightened global risks. China stocks enjoyed their best day in a month, with main indexes jumping more than 2 percent, as the mainland market joined a global rally after US Federal Reserve remarks hosed down expectations of imminent interest rate hikes. However, Japanese shares bucked the regional uptrend as the yen strengthened and weak industrial production data pointed to further softness in the economy. Japan's industrial output dropped 6.2 percent in February from the previous month, the most since March 2011, as production of vehicles, electronic devices and manufacturing equipment dropped.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,000.65 80.812.77
Hang Seng20,803.39 437.092.15
Jakarta Composite4,816.65 35.360.74
KLSE Composite1,717.82 2.780.16
Nikkei 22516,878.96 -224.57-1.31
Straits Times2,872.78 53.701.90
KOSPI Composite2,002.14 7.230.36
Taiwan Weighted8,737.04 119.691.39

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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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