Most of the Asian markets made a positive closing on Wednesday as upbeat US data and a weak yen boosted investor sentiment. US data showed stronger-than-expected third quarter growth, higher housing prices in September and a sharp rebound in consumer confidence in November. Japanese shares ended on a flat note as investors digested a slew of data and waited for cues from the OPEC meeting and the weekend's Italian constitutional referendum. Investors are awaiting news later Wednesday on the prospect of a production cut by the Organization of the Petroleum Exporting Countries. Iran’s oil minister said that he believed the cartel would reach a production deal, but that an immediate freeze of his country’s output wasn’t on the agenda. Japan's industrial output grew for a third consecutive month in October, preliminary data showed today but the government left its basic assessment intact, saying production is increasing at a moderate pace. Other reports on automobile production, housing starts and small business confidence painted a mixed picture of the economy. Meanwhile, Chinese shares ended lower on worries about liquidity and increased regulation as Beijing steps up efforts to support a sliding Yuan.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,250.03 | -32.89 | -1.00 |
Hang Seng | 22,789.77 | 52.70 | 0.23 |
Jakarta Composite | 5,148.91 | 12.24 | 0.24 |
KLSE Composite | 1,619.12 | -7.81 | -0.48 |
Nikkei 225 | 18,308.48 | 1.44 | 0.01 |
Straits Times | 2,904.02 | 24.88 | 0.86 |
KOSPI Composite | 1,983.48 | 5.09 | 0.26 |
Taiwan Weighted | 9,240.71 | 48.33 | 0.53 |
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: