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Asian markets end lower on Friday

29 Apr 2016 Evaluate

Asian equity markets ended lower on Friday following the overnight sell-off on Wall Street. Oil prices slid in Asian deals after sharp overnight gains, and the yen continued its rise against the dollar, keeping investors cautious. Chinese and Hong Kong shares fell as a spate of bond defaults as well as increasing volatility in the commodity market despite a government crackdown on speculation kept investors on edge ahead of the Labor Day holiday. Japanese markets were closed for the Showa Day holiday after steep losses in the previous session amid the stronger yen stemming from disappointment that the Bank of Japan held off on further easing. Though, Amazon posted its biggest quarterly profit ever and a slew of other US companies also reported better-than-expected results after the US closing bell, helping to limit the downside across the region.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,938.32 -7.27-0.25
Hang Seng21,067.05 -320.98-1.50
Jakarta Composite4,838.58 -9.81-0.20
KLSE Composite1,672.72 -2.04-0.12
Nikkei 225---
Straits Times2,838.52 -23.78-0.83
KOSPI Composite1,994.15 -6.78-0.34
Taiwan Weighted8,377.90 -95.97-1.13

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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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