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Asian markets made a mixed closing on Wednesday

10 Aug 2016 Evaluate

Asian equity markets showed a mixed performance on Wednesday, with traders eyeing moves in oil prices ahead of a flurry of Chinese data later in the week. Chinese shares ended lower as investors awaited industrial output, fixed asset investment and retail sales data due Friday. Japanese shares fell as the dollar weakened against the yen and investors moved to the sidelines ahead of a public holiday in Japan on Thursday. Investor reaction to better-than-expected core machinery orders data was muted. Reports showed that Core machine orders surged 8.3 percent in June from the previous month after falling for two straight months. Meanwhile, Hong Kong stocks touched a fresh eight-month high on Wednesday, before slipping back, as yield-hungry investors continued to hunt for bargains.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,018.75

-6.93

-0.23

Hang Seng

22,492.43

26.82

0.12

Jakarta Composite

5,423.95

-16.34

-0.30

KLSE Composite

1,673.03

1.32

0.08

Nikkei 225

16,735.12

-29.85

-0.18

Straits Times

2,875.57

4.79

0.17

KOSPI Composite

2,044.64

0.86

0.04

Taiwan Weighted

9,200.42

45.34

0.50

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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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