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Asian markets end mostly lower on Thursday

02 Feb 2017 Evaluate

Asian equity markets ended mostly lower on Thursday, with a firmer yen sending Japanese shares tumbling. Trading sentiments weakened further on uncertainty about what US President Donald Trump means for the global economy. The Federal Reserve's Open Market Committee on Wednesday reiterated its expectations for moderate economic growth while leaving benchmark interest rates unchanged, in line with expectations. The statement noted improvements in consumer and business sentiment while cautioning that market-based measures of inflation compensation are ‘still low’. The dollar remained on the defensive as Fed policymakers offered little clarity on the possible impact of Trump's economic policies on interest rate outlook. Chinese markets remained closed for the Lunar New Year holidays.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

-

-

-

Hang Seng

23,184.52

-133.87

-0.57

Jakarta Composite

5,353.71

26.55

0.50

KLSE Composite

1,673.48

1.94

0.12

Nikkei 225

18,914.58

-233.50

-1.22

Straits Times

3,044.08

-23.41

-0.76

KOSPI Composite

2,071.01

-9.47

-0.46

Taiwan Weighted

9,428.97

-18.98

-0.20

 

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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