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Asian markets end mostly lower on Friday

22 Apr 2016 Evaluate

Asian equity markets ended mostly lower on Friday after US shares halted a three-day winning streak overnight on the back of disappointing earnings updates from some US companies. However, a rebound in oil prices in Asian deals helped limit losses across the region. Chinese shares closed a tad higher as gains in consumer and tech stocks outweighed losses in the resource sector. Japanese shares rose for the fourth day as the yen hit a two-week low against the dollar after reports that the Bank of Japan may expand its negative interest rate policy beyond its current applications at its upcoming policy meeting next week.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,959.24 6.350.22
Hang Seng21,467.04 -155.21-0.72
Jakarta Composite4,914.74 11.650.24
KLSE Composite1,717.96 -3.51-0.20
Nikkei 22517,572.49 208.871.20
Straits Times2,940.43 -20.35-0.69
KOSPI Composite2,015.49 -6.61-0.33
Taiwan Weighted8,535.75 -32.90-0.38

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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