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Asian markets end mostly higher on Friday

27 May 2016 Evaluate

Asian equity markets ended mostly higher on Friday, even as oil prices dipped and data showed growth in profits at Chinese industrial firms slowed in April compared to the previous month. Industrial profits grew 4.2 percent year-over-year, much slower than the 11.1 percent expansion seen in March. Japanese stocks ended at a one-month high, amid the growing prospect that Prime Minister Shinzo Abe would delay by several years a sales tax hike scheduled to go into effect next April. Hong Kong shares closed at a three-week high, buoyed by hopes that Beijing will soon expand cross-border investment opportunities between Hong Kong and China. However, Chinese shares ended lower on growth worries after a government report showed that China's industrial profits increased at a slower pace in April.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,821.05 -1.40-0.05
Hang Seng20,576.77 179.660.88
Jakarta Composite4,814.73 30.170.63
KLSE Composite1,637.19 6.100.37
Nikkei 22516,834.84 62.380.37
Straits Times2,802.51 29.201.05
KOSPI Composite1,969.17 12.110.62
Taiwan Weighted8,463.61 69.490.83

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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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