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Asian markets end mostly higher on Monday

16 May 2016 Evaluate

Asian equity markets ended mostly higher on Monday as gains in oil prices and hopes for economic stimulus in Japan helped investors shrug off weak cues from Wall Street and disappointing Chinese data. Japanese shares rallied earlier in the day after reports suggested that Prime Minister Shinzo Abe will postpone a planned sales tax increase scheduled for next year. The early rally faded soon after a top government spokesman denied the report. Chinese shares closed notably higher despite a raft of disappointing data pointing to continued weakness in the world's second largest economy. China's investment, factory output and retail sales all grew more slowly than expected in April, raising fears that a bounce seen in March is fizzling. Sentiment was bolstered somewhat after the China Securities Regulatory Commission denied the media reports about an adjustment to the policies on refinancing and mergers and acquisitions by listed companies.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,850.86 23.750.84
Hang Seng19,883.95 164.660.84
Jakarta Composite4,731.56 -30.15-0.63
KLSE Composite1,621.21 -7.05-0.43
Nikkei 22516,466.40 54.190.33
Straits Times2,736.06 1.150.04
KOSPI Composite1,967.91 0.920.05
Taiwan Weighted8,067.60 13.910.17

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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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