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Asian markets end mostly lower on Wednesday

18 May 2016 Evaluate

Asian equity markets ended mostly lower on Wednesday as hawkish comments from Fed officials and upbeat data pointing to a US rate hike this year dampened investor sentiment. Chinese shares ended lower as positive home price data dashed hopes for more fiscal and monetary stimulus. Japanese stocks ended the day almost flat after the yen see-sawed against the US dollar, rising and falling in strength as investors digested Japan's stronger than expected GDP data and US inflation. Reports showed that the world's third-largest economy grew 0.4 percent sequentially in the first quarter of 2016. That topped forecasts for an increase of 0.1 percent, following the downwardly revised 0.4 percent contraction in the previous three months. On a yearly basis, GDP surged 1.7 percent.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,807.51 -36.17-1.27
Hang Seng19,826.41 -292.39-1.45
Jakarta Composite4,734.36 5.200.11
KLSE Composite1,635.72 2.330.14
Nikkei 22516,644.69 -8.11-0.05
Straits Times2,777.11 -4.00-0.14
KOSPI Composite1,956.73 -11.33 -0.58
Taiwan Weighted8,159.68 19.200.24

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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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