Asian equity markets ended mostly lower on Friday after North Korea threatened it could consider testing a nuclear weapon in the Pacific. Investors also digested the prospect of an additional rate hike from the Fed this year. Japan’s Nikkei share average slipped from a two-year high after North Korea threatened to test a hydrogen bomb in the Pacific Ocean, ratcheting up tensions with the United States and its allies. Meanwhile, Chinese stocks ended off their day's lows amid expectations that Beijing will maintain stability in markets ahead of next month's meeting of the Chinese Communist Party's National Congress. Hong Kong stocks posted their worst decline in a month, erasing much of the week’s gains, as investors trimmed positions following S&P’s downgrade of China’s sovereign credit rating and North Korea’s nuclear threats. The US Federal Reserve’s plan to shrink its balance sheet and later raise interest rates also dented sentiment. The markets in Malaysia remained closed for the Islamic New Year.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,352.53 | -5.28 | -0.16 |
Hang Seng | 27,880.53 | -229.8 | -0.82 |
Jakarta Composite | 5,911.71 | 5.13 | 0.09 |
KLSE Composite | - | - | - |
Nikkei 225 | 20,296.45 | -51.03 | -0.25 |
Straits Times | 3,220.25 | 6.43 | 0.20 |
KOSPI Composite | 2,388.71 | -17.79 | -0.74 |
Taiwan Weighted | 10,449.68 | -128.76 | -1.22 |
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.
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.
MoneyWorks4Me ensures this through: