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Asian markets end mixed on Thursday

12 May 2016 Evaluate

Asian equity markets ended mixed on Thursday after a dismal session on Wall Street overnight. Chinese shares recovered from an early sell-off to end on a flat note after an article posted on the transport ministry's website revealed the government plans to invest around 4.7 trillion yuan ($724 billion) in transport infrastructure projects over the next three years. Japanese shares eked out modest gains, as the yen weakened slightly and official data showed Japan posted a current account surplus of 2.980 trillion yen in March, the largest monthly surplus in nine years on the back of an improved trade balance and strong returns from overseas investments. The surplus doubled in fiscal 2015 from the previous year.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,835.86 -1.18-0.04
Hang Seng19,915.46 -139.83-0.70
Jakarta Composite4,803.32 3.360.07
KLSE Composite1,648.98 4.400.27
Nikkei 22516,646.34 67.330.41
Straits Times2,745.39 12.520.46
KOSPI Composite1,977.49 -2.61-0.13
Taiwan Weighted8,108.05 -27.51-0.34

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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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