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Asian markets end mixed on Tuesday

23 May 2017 Evaluate

Asian equity markets made a mixed closing on Tuesday as investors digested news of a terrorist attack in Manchester, northern England, and fresh revelations provided additional evidence that the White House actively sought to undermine the FBI investigation into Russia. Nineteen people have been killed and around 50 others injured at an Ariana Grande concert late Monday in Manchester, England, police have said. Separately, the Washington Post reported that US President Donald Trump urged two senior intelligence officials in March to publicly deny any evidence of collusion between the Trump campaign and Russia. The focus also remained on this week's FOMC minutes from the May meeting expected to reinforce the case for a June 14 Fed funds rate hike. Japanese shares ended lower as news of a suspected terrorist attack in Britain and the political crisis gripping Washington lifted the safe-haven yen and kept export-oriented shares under selling pressure. Further, Chinese shares ended lower on renewed concerns over a regulatory crackdown on shadow banking and speculative trading.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,061.95

-13.73

-0.45

Hang Seng

25,403.15

11.81

0.05

Jakarta Composite

5,730.61

-18.83

-0.33

KLSE Composite

1,767.17

-7.78

-0.44

Nikkei 225

19,613.28

-65.00

-0.33

Straits Times

3,222.69

9.12

0.28

KOSPI Composite

2,311.74

7.71

0.33

Taiwan Weighted

10,007.84

10.58

0.11

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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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