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Asian markets end mixed on Wednesday

03 May 2017 Evaluate

Asian equity markets ended mixed on Wednesday as Apple posted a surprise fall in iPhone sales in the second quarter and investors waited for cues from the Federal Reserve meeting. The US central bank is expected to hold rates steady amid signs of softening inflation, but its commentary will be scrutinized for new clues as to the Fed's views on the economy and interest rates. French politics also remained in focus ahead of the May 7 vote in the country to elect the new president. Moody's Investors Service said the escalation of tensions between the North Korean regime and the new US administration broadens the nature of geopolitical risk for South Korea, which is the most salient event risk for the sovereign and a constraint on the rating. Chinese shares ended lower, with investors turning cautious on lingering worries about the country's tougher regulations and a shift toward tighter policy. Markets in Hong Kong and South Korea were closed for the Buddha's birthday, while Japanese financial markets remain closed for the rest of the week for the Golden Week holiday.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,135.35

-8.37

-0.27

Hang Seng

-

-

-

Jakarta Composite

5,647.37

-28.44

-0.50

KLSE Composite

1,772.51

-5.96

-0.34

Nikkei 225

-

-

-

Straits Times

3,237.81

26.70

0.83

KOSPI Composite

-

-

-

Taiwan Weighted

9,955.33

14.06

0.14

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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