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Asian markets end mostly higher on Monday

18 Jul 2016 Evaluate

Asian markets ended higher on Monday, although trading volumes remained thin in the wake of lackluster cues from Wall Street, a failed coup attempt in Turkey and a public holiday in Japan for Marine Day. Turkey has arrested 6,000 people after a failed coup attempt, with President Erdogan vowing to purge state bodies of the ‘virus’ that caused the revolt. The Turkish government moved swiftly to ‘clean up the army’ and re-establish control, with the country's central bank promising unlimited liquidity to banks and its deputy prime minister posting on Twitter that there's ‘no need to worry’. Chinese shares bucked the regional uptrend to end slightly lower after data showed average housing prices in China rose at a slower pace in June from the previous month.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,043.56 -10.73-0.35

Hang Seng

21,803.18 143.930.66

Jakarta Composite

5,127.50 17.320.34

KLSE Composite

1,670.84 2.440.15

Nikkei 225

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Straits Times

2,928.76 3.410.12

KOSPI Composite

2,021.11 3.850.19

Taiwan Weighted

9,008.21 58.360.65

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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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