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Asian markets end mixed on Friday

23 Jun 2017 Evaluate

Asian equity markets made a mixed closing on Friday as the dollar remained bolstered against the yen and crude oil prices pulled away from ten-month lows. The release of the US Senate's plan to repeal and replace Obamacare evoked muted response as there is opposition to the bill on both sides of the Republican ideological spectrum. Japanese shares closed a tad higher as a recovery in oil prices helped offset a firmer yen. Chinese shares ended higher as tight liquidity conditions eased and investors shrugged off news that the country's banking regulator has ordered lenders to check exposure to rapidly growing firms. Meanwhile, Hong Kong shares ended flat amid concerns that MSCI's decision this week to include China-listed shares to its emerging market benchmark could weaken the city's role as a gateway to investing in China. The markets in Indonesia are closed through June 28 in observance of Eid-ul-Fitr.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,157.87

10.42

0.33

Hang Seng

25,670.05

-4.48

-0.02

Jakarta Composite

-

-

-

KLSE Composite

1,779.45

2.02

0.11

Nikkei 225

20,132.67

22.16

0.11

Straits Times

3,209.47

-6.08

-0.19

KOSPI Composite

2,378.60

8.23

0.35

Taiwan Weighted

10,377.70

-21.36

-0.21

 
 

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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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