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Asian markets made a mixed closing on Tuesday

19 Jul 2016 Evaluate

Asian equity markets ended mixed on Tuesday as oil extended overnight losses on concerns over a crude and refined fuel glut, and Moody's Investors Service placed Turkey's investment-grade credit rating on review for downgrade, saying it needs to evaluate the effects of the recent coup attempt. Chinese shares lost ground on fears of possible capital outflows, a day after the yuan slipped below the psychologically important level of 6.7 to the dollar for the first time in more than five years. The spectre of a slowing housing market and doubts over the nature of economic growth in the county also dented investor sentiment. Hong Kong shares fell as investors took profits following sharp gains over the past two weeks. However, Japanese shares rose for a sixth straight day, its highest level in nearly six weeks, with a sagging yen and Wall Street's rise to a fresh record boosting investors' appetite for riskier assets.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,036.60 -6.97-0.23

Hang Seng

21,673.20 -129.98-0.60

Jakarta Composite

5,172.83 45.330.88

KLSE Composite

1,670.55 -0.29-0.02

Nikkei 225

16,723.31 225.461.37

Straits Times

2,919.54 -9.22-0.31

KOSPI Composite

2,016.89 -4.22-0.21

Taiwan Weighted

9,034.87 26.660.30

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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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