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Asian markets made a mixed closing

23 Feb 2017 Evaluate

Asian markets made a mixed closing on Thursday, following their US counterparts after the Federal Open Market Committee released the minutes of its two-day meeting ended Feb. 1, where members believed it might be appropriate to lift U.S. interest-rates “fairly soon.” The Korean benchmark Kospi index ended flat as the country’s central bank kept interest rates unchanged, as expected for an eighth straight month, awaiting clarity on global policy changes. The Japanese market ended in red as the yen was higher against dollar, pressuring exporters’ bottom lines by making it more expensive for them to ship their goods around the globe. Chinese stocks too fell, with realty and construction-related stocks leading declines, after reports emerged that China's financial regulators are working on new rules to rein in asset management risks.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,251.38

-9.84

-0.30

Hang Seng

24,114.86

-87.10

-0.36

Jakarta Composite

5,372.75

14.06

0.26

KLSE Composite

1,704.48

-3.60

-0.21

Nikkei 225

19,371.46

-8.41

-0.04

Straits Times

3,137.57

15.37

0.49

KOSPI Composite

2,107.63

1.02

0.05

Taiwan Weighted

9,769.31

-9.47

-0.10

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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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