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Asian markets made a mixed closing on Thursday

29 Dec 2016 Evaluate

Asian equity markets ended mixed on Thursday, with the Japanese shares closing lower as weakness on Wall Street and a stronger yen hurt sentiment. Meanwhile, Chinese shares ended almost flat, with optimism spurred by fading liquidity stress but investors kept wary by the prospect of regulatory measures to curb aggressive investment in stocks by insurers. Investors stayed cautious following news that the insurance regulator planned to establish a discriminatory supervision system that would keep a closer watch on some unconventional insurance products, in the latest move to rein in aggressive stock investment.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,096.10

-6.14

-0.2

Hang Seng

21,790.91

36.17

0.17

Jakarta Composite

5,302.57

93.12

1.79

KLSE Composite

1,637.93

7.63

0.47

Nikkei 225

19,145.14

-256.58

-1.32

Straits Times

2,889.15

-9.15

-0.32

KOSPI Composite

2,026.46

1.97

0.1

Taiwan Weighted

9,153.09

-48.31

-0.53

About MoneyWorks4Me

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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