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Asian markets end mostly higher on Monday

23 May 2016 Evaluate

Asian equity markets ended mostly higher on Monday, even as worries about impending interest rate hikes by the Federal Reserve continued to reverberate through markets. Chinese shares ended higher despite worries about slowing growth and fading hopes for more policy easing. Japanese shares fell, with renewed strength in yen, weak exports data and fears the government will proceed with sales tax hike weighing on sentiment. Japanese exports dropped 10.1 percent year-over-year in April, worse than March's 6.8 percent slide, reflecting sluggish demand from China, the emerging markets and the US. Separately, the latest flash survey from Markit Economics showed that activity in Japan's manufacturing sector deteriorated at the steepest pace in over three years in May.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,843.65 18.160.64
Hang Seng19,809.03 -43.17-0.22
Jakarta Composite4,743.66    31.780.67
KLSE Composite1,634.89 6.100.37
Nikkei 22516,654.60 -81.75-0.49
Straits Times2,766.93 3.110.11
KOSPI Composite1,955.25 7.580.39
Taiwan Weighted8,344.44 213.182.62

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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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