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Asian markets end lower on Monday

26 Sep 2016 Evaluate

The Asian markets ended lower on Monday after US shares fell in last session and as investors turned their attention to American politics ahead of tonight's first US presidential debate. Many traders were cautious ahead of the week-long National Day holiday starting on October 1. Chinese shares fell, with property stocks taking a fresh beating after Nanjing, capital of East China's Jiangsu province, adopted new rules restricting home purchases. Further, Japanese shares fell for a second consecutive session, as the dollar wobbled against the yen and euro ahead of this week's speeches by the heads of central banks in the US, Europe and Japan. However, oil prices recovered some lost ground in Asian deals, after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

2,980.43

-53.47

-1.76

Hang Seng

23,317.92

-368.56

-1.56

Jakarta Composite

5,352.14

-36.77

-0.68

KLSE Composite

1,669.50

-1.49

-0.09

Nikkei 225

16,544.56

-209.46

-1.25

Straits Times

2,849.94

-7.01

-0.25

KOSPI Composite

2,047.11

-6.96

-0.34

Taiwan Weighted

9,194.52

-90.10

-0.97

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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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