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Asian markets end mostly in red on Wednesday

14 Dec 2016 Evaluate

Asian equity markets ended mostly in red on Wednesday as investors remained cautious ahead of the Federal Reserve’s monetary policy decision due later in the day. The Fed is widely expected to hike rates for the first time in a year at the conclusion of its meeting later Wednesday. Chinese shares ended lower after regulators pledged to restrict risky investments by insurers. Meanwhile, Japanese shares closed flat as traders processed the Bank of Japan’s quarterly tankan survey, released Wednesday. The survey showed that sentiment among large manufacturers rose to plus 10 over the three months to December from plus 6 in the previous quarter. A plus figure means the percentage of respondents saying business conditions are favorable exceeds those saying they aren’t.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,140.53

-14.51

-0.46

Hang Seng

22,456.62

9.92

0.04

Jakarta Composite

5,262.82

-30.80

-0.58

KLSE Composite

1,643.29

-1.99

-0.12

Nikkei 225

19,253.61

3.09

0.02

Straits Times

2,954.06

-1.17

-0.04

KOSPI Composite

2,036.87

0.89

0.04

Taiwan Weighted

9,368.52

-13.62

-0.15

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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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