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Asian markets made a mixed closing on Wednesday

31 Aug 2016 Evaluate

Asian equity markets made a mixed closing on Wednesday, as oil prices slipped on a stronger dollar and Fed Vice Chair Stanley Fischer's upbeat assessment of the US economy made it clear that a rate hike would be possible at the Fed's next policy meeting in September. Traders turned their attention on the all-important US jobs data due Friday after a run of strong economic data and hawkish comments from several Federal Reserve officials. The Malaysian markets were closed for the National Day holiday. Meanwhile, Japanese shares ended higher as the yen weakened and disappointing industrial output data underscored the need for more stimulus measures.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,085.49 10.810.35

Hang Seng

22,976.88 -39.23-0.17

Jakarta Composite

5,386.08 23.770.44

KLSE Composite

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Nikkei 225

16,887.40 162.040.97

Straits Times

2,820.59 -7.80-0.28

KOSPI Composite

2,034.65 -5.09-0.25

Taiwan Weighted

9,068.85 -41.71-0.46

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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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