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Asian markets end mixed on Tuesday

03 May 2016 Evaluate

Asian equity markets ended mixed on Tuesday, with China's Shanghai Composite index ending higher in thin trading following the holiday weekend after President Xi Jinping pledged to maintain the healthy development of the stock market. Investors shrugged off the latest survey from Caixin, which revealed that activity in China's vast manufacturing sector unexpectedly declined further in April despite government stimulus. The manufacturing PMI fell to 49.4 from 49.7 in March. However, markets in Hong Kong, Malaysia, Singapore and Taiwan fell sharply as trading resumed after a long weekend. The Japanese market was closed today for the Constitution Day holiday.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,992.64 54.321.85
Hang Seng20,676.94 -390.11-1.85
Jakarta Composite4,812.26 3.950.08
KLSE Composite1,651.44    -21.28 -1.27
Nikkei 225---
Straits Times2,811.20 -27.32-0.96
KOSPI Composite1,986.41 8.260.42
Taiwan Weighted8,294.12 -83.78-1.00

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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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