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Asian markets end all in green on Monday

13 Feb 2017 Evaluate

The Asian markets maintained their momentum through the day and ended all in green on Monday, with some indices registering gains of over half a percent. Chinese market rose for the fourth straight session, as a rally in metals prices lifted material stocks. Seoul shares too edged higher in cautious trade on reports that South Korean prosecutors plan to question Lee Jae-yong, Samsung Group's de facto leader again over bribery allegations this week. The yen weakened Monday after the S&P 500 Index climbed to a record high on Friday lifting the stocks higher. Japanese stocks also gained after Shinzo Abe and US President Donald Trump refrained from arguing about currency levels during the Japanese prime minister’s two-day US visit. Meanwhile, data showed Japan’s economy continued on a moderate growth path during the final quarter of 2016, driven by rising exports and business investment.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,216.84

20.14

0.63

Hang Seng

23,710.98

136.00

0.58

Jakarta Composite

5,409.56

37.89

0.71

KLSE Composite

1,710.24

11.30

0.67

Nikkei 225

19,459.15

80.22

0.41

Straits Times

3,111.63

11.24

0.36

KOSPI Composite

2,078.65

3.57

0.17

Taiwan Weighted

9,710.32

44.73

0.46

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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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