Asian stocks ended in green on Monday as some encouraging data out of Japan and hopes that Beijing will speed up structural reforms at state-owned enterprises, boosted investor sentiment. Japan reported that its trade balance swung to a surplus in September coupled with strong Japanese manufacturing data from a purchasing manager’s survey also suggested signs of improved activity in the world's third biggest economy. Chinese shares rallied amid expectations that the government would maintain its high levels of fiscal spending. The yuan weakened further to hit fresh six-year lows against the dollar amid evidence of ongoing outflows from the world's second-largest economy. Further, Hong Kong's shares ended higher as trading resumed following a holiday on Friday owing to a typhoon. However, a retreat in oil prices in Asian deals served to keep a lid on overall gains across the region.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,128.25 | 37.31 | 1.21 |
Hang Seng | 23,604.08 | 229.68 | 0.98 |
Jakarta Composite | 5,421.00 | 11.75 | 0.22 |
KLSE Composite | 1,677.76 | 7.78 | 0.47 |
Nikkei 225 | 17,234.42 | 49.83 | 0.29 |
Straits Times | 2,856.68 | 25.62 | 0.90 |
KOSPI Composite | 2,047.74 | 14.74 | 0.73 |
Taiwan Weighted | 9,322.50 | 15.93 | 0.17 |
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: