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Asian markets end mostly lower on Wednesday

27 Apr 2016 Evaluate

Asian equity markets ended mostly lower on Wednesday as the yen strengthened and weak earnings results from iPhone maker Apple put pressure on technology stocks. A sharp overnight rally in oil prices and positive industrial profits data out of China failed to lift investor sentiment ahead of key central bank decisions from the US Federal Reserve and the Bank of Japan. The Federal Reserve's two-day policy meeting ends later today, with investors mainly looking for guidance on the outlook for interest rates. Rate decisions from the Reserve Bank of New Zealand and the Bank of Japan are due on Thursday. Chinese shares ended lower even as positive industrial profits data boosted hopes the economic recovery is gaining momentum. Profits of China's major industrial firms climbed an annual 11.1% in March, up from a 4.8% rise in the Jan-Feb period. Japanese shares ended lower with a strengthening yen, disappointing earnings and anxiety ahead of the BOJ verdict weighing on markets.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,953.67 -11.03-0.37
Hang Seng21,361.60 -45.67-0.21
Jakarta Composite4,845.66 31.570.66
KLSE Composite1,692.34 -0.16-0.01
Nikkei 22517,290.49 -62.79-0.36
Straits Times2,874.72 -19.94-0.69
KOSPI Composite2,015.40 -4.23-0.21
Taiwan Weighted8,563.05 -18.52-0.22

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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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