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Asian markets end mostly higher on Tuesday

19 Apr 2016 Evaluate

Asian equity markets ended mostly higher on Tuesday after crude prices rebounded on news of a sharp drop in output in Kuwait due to an oil worker strike following the government's move to cut wages. Chinese shares ended higher after the People's Bank of China reportedly pumped 162.5 billion yuan into 18 financial institutions in open market operations via medium-term lending facility (MLF). Japanese shares retraced the previous day's steep losses as investors speculated the central bank will boost stimulus to combat the economic fallout from Thursday's earthquake in Kumamoto and subsequent aftershocks in southwestern Japan.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,042.82 9.160.30
Hang Seng21,436.21 274.711.30
Jakarta Composite4,881.93 16.400.34
KLSE Composite1,711.15 -6.53-0.38
Nikkei 22516,874.44 598.493.68
Straits Times2,951.81 34.061.17
KOSPI Composite2,011.36 2.260.11
Taiwan Weighted8,633.72 -32.29-0.37

 

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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