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Asian markets shut shop in the red on Wednesday

04 Apr 2012 Evaluate

All Asian equity indices ended day’s trade in the negative terrain on Wednesday after the minutes from US Federal Reserve’s March meeting reduced expectations of further stimulus measures to spur growth, leaving investors looking for more clues to the global economic outlook. Japanese Nikkei share average shed 2.3 percent on Wednesday in its worst performance in five months, after stop-losses were triggered on index futures, raising concern that Tokyo’s sharp equities rally so far this year could be grinding to a halt. While, Seoul shares dropped 1.5 percent after posting an eight-month closing high in the previous session, tracking declines in global peers.

Meanwhile, markets in mainland China and Hong Kong remained closed on Wednesday on account of Qingming Festival while the Taiwanese markets were shut owing to Tomb Sweeping Day holiday.

Asian Indices

Last Trade

Change in Points

Change in %

Jakarta Composite

4,134.04

-81.41

-1.93

KLSE Composite

1,599.27

-7.36

-0.46

Nikkei 225

9,819.99

-230.40

-2.29

Straits Times

2,985.04

-29.94

-0.99

Seoul Composite

2,018.61

-30.67

-1.50

Hang Seng

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--

--

Taiwan Weighted

--

--

--

Shanghai Composite

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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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