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Asian markets made a red closing on Friday

07 Oct 2016 Evaluate

The Asian markets ended in red on Friday as investors awaited the all-important US jobs report due tonight that could bolster the case for a Fed rate hike in 2016. US employment is expected to increase by 168,000 jobs in September after climbing by 151,000 jobs in August. The unemployment rate is expected to hold at 4.9 percent. Japanese stocks slipped after the sterling's selloff spurred risk aversion and supported safe haven bids for the yen in late Asian deals. Further, Hong Kong shares ended lower after disappointing forex reserves data from China. The country's foreign exchange reserves shrank at a faster pace to extend declines for the third consecutive month in September. The Chinese markets remained closed for the Golden Week holidays and will reopen on Monday.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

-

-

-

Hang Seng

23,851.82

-100.68

-0.42

Jakarta Composite

5,377.15

-32.20

-0.60

KLSE Composite

1,665.38

-1.35

-0.08

Nikkei 225

16,860.09

-39.01

-0.23

Straits Times

2,875.24

-9.98

-0.35

KOSPI Composite

2,053.80

-11.50

-0.56

Taiwan Weighted

9,265.81

-18.50

-0.20

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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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