Asian markets made a green closing on Thursday

29 Sep 2016 Evaluate

The Asian markets ended in green on Thursday after bank shares recovered in Europe, US durable goods orders data beat estimates and OPEC members surprised market participants with a preliminary deal to curb output. A final decision on the OPEC agreement for a modest oil output cut would be taken at the next formal meeting, set to be held in Vienna on November 30. Japanese shares rallied as the OPEC deal and sluggish retail sales data pushed the yen lower against the dollar and euro. Retail sales in Japan fell 1.1 percent in August from the previous month, when they rose 1.5 percent, a government report showed. Meanwhile, Chinese stocks rose, led by energy shares, but turnover in Shanghai was near a four-month low as traders braced for a long holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,998.48	10.62	0.36
Hang Seng	23,739.47	119.82	0.51
Jakarta Composite	5,431.96	6.62	0.12
KLSE Composite	1,669.64	4.68	0.28
Nikkei 225	16,693.71	228.31	1.39
Straits Times	2,885.71	27.70	0.97
KOSPI Composite	2,068.72	15.66	0.76
Taiwan Weighted	9,270.90	76.38	0.83

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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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