Asian markets end mixed on Friday

26 May 2017 Evaluate

Asian equity markets made a mixed closing on Friday, tracking the overnight plunge in crude oil prices after news that OPEC and other major exporters extended their current deal to limit oil production for nine months, disappointing investors who were anticipating deeper cuts. Investors also turned cautious following media reports that Jared Kushner, the son-in-law and adviser of US President Donald Trump, has come under FBI scrutiny in its Russia probe. Japanese shares closed lower on the yen's gains against the US dollar. Meanwhile, China stocks reversed earlier losses to end the week higher on Friday, led by the blue-chip CSI300 index posting its best week in six months as suspected state-directed buying offset concerns over a surprise move by Moody's to cut the country's credit rating.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,110.06	2.23	0.07
Hang Seng	25,639.27	8.49	0.03
Jakarta Composite	5,716.82	13.38	0.23
KLSE Composite	1,772.30	-1.66	-0.09
Nikkei 225	19,686.84	-126.29	-0.64
Straits Times	3,219.42	-14.95	-0.46
KOSPI Composite	2,355.30	12.37	0.53
Taiwan Weighted	10,101.95	-6.54	-0.06

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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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