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Asian markets end mostly in green on Wednesday

19 Jul 2017 Evaluate

Asian equity markets ended mostly in green on Wednesday as investors remained optimistic about China's ongoing economic transition and looked ahead to policy statements from the European and Japanese central banks, due Thursday. The dollar stayed on the defensive on doubts over US President Donald Trump's ability to deliver tax reforms, while oil prices pulled back slightly on industry data showing a rise in US crude inventories. Chinese shares ended higher as investors piled into banking, consumer and resources shares after robust economic growth data earlier in the week and on expectations that Beijing is stepping up efforts to reform lumbering and inefficient state companies. Japanese shares closed marginally higher in choppy trade, with buying in defensive stocks offsetting worries about the impact of a stronger yen as the US dollar flounders.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,230.98

43.41

1.36

Hang Seng

26,672.16

147.22

0.56

Jakarta Composite

5,806.69

-15.66

-0.27

KLSE Composite

1,757.27

2.35

0.13

Nikkei 225

20,020.86

20.95

0.10

Straits Times

3,325.07

18.99

0.57

KOSPI Composite

2,429.94

3.90

0.16

Taiwan Weighted

10,506.10

24.84

0.24

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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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