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Asian markets made a mixed closing on Monday

10 Oct 2016 Evaluate

The Asian markets made a mixed closing on Monday, as oil prices retreated on doubts over oil producers reaching a meaningful output cut deal, which brought some speculators to unwind bullish bets. However, losses across the region remained capped somewhat after Friday's weaker non-farm payrolls report reinforced expectations that the Federal Reserve will not raise short-term interest rates at its November policy meeting. US non-farm payroll employment climbed by 156,000 jobs in September compared to estimates for an increase of about 176,000 jobs. The unemployment rate rose to 5 percent from 4.9 percent. Chinese shares ended higher as investors returned from a week-long holiday, even as property developers tumbled amid fresh curbs on property purchases.  Markets in Japan, Hong Kong and Taiwan were closed for public holidays.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,048.14 43.441.45

Hang Seng

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Jakarta Composite

5,360.83 -16.32-0.30

KLSE Composite

1,665.32 -0.06--

Nikkei 225

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Straits Times

2,870.24 -5.00-0.17

KOSPI Composite

2,056.82 3.020.15

Taiwan Weighted

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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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