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Asian markets end mostly in red on Friday

02 Dec 2016 Evaluate

Most of the Asian markets made a negative closing on Friday as the oil rally fizzled out and rising US Treasury yields, reflecting expectations that inflation will accelerate in 2017, triggered fresh concerns about capital outflows from emerging markets. US nonfarm payrolls data, a key economic indicator that the Federal Reserve eyes, due later in the day and the weekend's referendum on constitutional reform in Italy also kept investors on the sidelines. US employment is expected to increase by 170,000 jobs in November after climbing by 161,000 jobs in October, while the unemployment rate is expected to hold at 4.9 percent. Chinese shares ended lower as coking coal futures and construction product steel rebar tumbled after recent sharp gains. Further, Japanese shares fell modestly as the dollar pulled back against the yen.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,243.84

-29.47

-0.90

Hang Seng

22,564.82

-313.41

-1.37

Jakarta Composite

5,245.96

47.20

0.91

KLSE Composite

1,628.96

2.52

0.15

Nikkei 225

18,426.08

-87.04

-0.47

Straits Times

2,919.37

-9.21

-0.31

KOSPI Composite

1,970.61

-13.14

-0.66

Taiwan Weighted

9,189.49

-74.04

-0.80

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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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