SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets end mixed on Thursday

31 Aug 2017 Evaluate

Asian equity markets ended mixed on Thursday as renewed tensions between Washington and North Korea as well as weak commodity prices on the back of a firmer dollar overshadowed upbeat data from the US and China. Geopolitical tensions returned to the fore after US President Donald Trump declared ‘talking is not the answer’ to the tense standoff with North Korea. Chinese stocks ended slightly lower as investors paused for breath after a recent rally on the back of robust earnings from major Chinese companies. Activity in China's manufacturing sector continued to expand in August, and at a faster rate, the latest survey from the National Bureau of Statistics showed today with a PMI score of 51.7. That beat forecasts for 51.3 and was up from 51.4 in July. However, the official non-manufacturing PMI came in with a score of 53.4, down from 54.5 in the previous month. Moody's Investors Service raised China's growth forecast, citing stronger expansion in the first half of the year. The rating agency raised China's growth outlook for 2017 to 6.8 percent from 6.6 percent. Meanwhile, Japanese shares hit two-week highs as the yen weakened and US Treasury yields rose in response to upbeat US economic data, helping spur gains in exporters and financials. The Malaysian market was closed for the National Day holiday.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,360.81

-2.82

-0.08

Hang Seng

27,970.30

-124.31

-0.44

Jakarta Composite

5,864.06

-8.45

-0.14

KLSE Composite

-

-

-

Nikkei 225

19,646.24

139.70

0.72

Straits Times

3,277.26

12.00

0.37

KOSPI Composite

2,363.19

-9.10

-0.38

Taiwan Weighted

10,585.78

16.38

0.15

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.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×