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Asian markets end mostly lower on Wednesday

04 May 2016 Evaluate

Asian equity markets ended mostly lower on Wednesday, with markets in Hong Kong, Singapore and Taiwan bearing the brunt of the selling, after US stocks fell sharply to hit a three-week low overnight in reaction to falling oil prices, weak Chinese and UK manufacturing data and downgrades to GDP and inflation forecasts from the European Commission. Chinese shares closed largely unchanged despite resource shares coming under selling pressure in the wake of a regulatory crackdown to curb speculation in commodities markets. Japanese markets were closed for the Greenery day public holiday.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,991.27 -1.37-0.05
Hang Seng20,525.83 -151.11-0.73
Jakarta Composite4,822.60 10.330.21
KLSE Composite1,657.58 6.140.37
Nikkei 225---
Straits Times2,773.07 -38.13-1.36
KOSPI Composite1,976.71 -9.70-0.49
Taiwan Weighted8,185.47 -108.65-1.31

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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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