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Asian markets end higher on Friday

15 Jul 2016 Evaluate

Asian markets ended higher on Friday, as better-than-expected Chinese economic data helped outweigh news of a horrific terrorist attack in Nice, France, which killed at least 84 people and wounded dozens of innocent civilians. Markets also took the Bank of England's surprise decision to keep rates on hold in their stride. Meanwhile, China's industrial output strengthened in June, retail sales rose at a faster pace, a broadest measure of new credit rose more than expected and GDP growth held steady at 6.7 percent in the second quarter on the back of Beijing's aggressive stimulus measures, helping ease worries about the country's economic slowdown. Japanese shares rose, with an extended rally on Wall Street, a weakening yen and Line Corp's strong debut in New York and Tokyo bolstering investor sentiment. The yen fell broadly to hit a three-week low versus the dollar. Though, Chinese shares ended unchanged as the latest data dented hopes of additional stimulus.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,054.30

0.28

0.01

Hang Seng

21,659.25

98.19

0.46

Jakarta Composite

5,110.18

26.64

0.52

KLSE Composite

1,668.40

13.62

0.82

Nikkei 225

16,497.85

111.96

0.68

Straits Times

2,925.35

18.43

0.63

KOSPI Composite

2,017.26

8.49

0.42

Taiwan Weighted

8,949.85

83.49

0.94

About MoneyWorks4Me

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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