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Asian markets end mostly in red on Wednesday

21 Dec 2016 Evaluate

Asian equity markets ended mostly in red on Wednesday, with Japanese shares closed slightly lower in choppy trade as a modest uptick in the yen overshadowed overnight advances in US stocks and the government's upbeat assessment of the domestic economy. The government has upgraded its assessment of the Japanese economy for the first time since March 2015, citing a pickup in private consumption and exports. Oil prices nudged higher to trade above $53 a barrel in Asian deals after API data showed US stockpiles declined last week. The EIA report due out later in the day is also expected to show a draw of 2.5 million barrels in the week ending December 16. Chinese shares ended higher as liquidity worries eased and the State-owned Assets Supervision and Administration Commission pledged to deepen reforms in state-owned sectors.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,137.43

34.55

1.11

Hang Seng

21,809.80

80.74

0.37

Jakarta Composite

5,111.39

-51.08

-0.99

KLSE Composite

1,629.59

-4.93

-0.3

Nikkei 225

19,444.49

-50.04

-0.26

Straits Times

2,901.70

-9.61

-0.33

KOSPI Composite

2,037.96

-3.98

-0.19

Taiwan Weighted

9,204.26

-38.15

-0.41

 

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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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