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Asian markets end mostly higher on Monday

09 Oct 2017 Evaluate

Asian equity markets ended mostly higher on Monday, with Chinese markets leading the surge as traders returned to their desks after the week-long ‘Golden Week’ holidays. Meanwhile, China’s major stock indexes touched 21-month highs following a week-long holiday, boosted by a coming cut in banks’ reserve requirement ratio and last week’s stellar performance in global equity markets. Though, Hong Kong stocks dipped after hitting near 10-year highs last week, as investors took profits in property and financial shares in the wake of a disappointing China services survey and worries on North Korea curbed risk appetites. Trading activity remained light across the region due to holidays in Japan, South Korea and Taiwan.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,374.38

25.44

0.76

Hang Seng

28,326.59-131.45

- 0.46

Jakarta Composite

5,914.93

9.56

 0.16

KLSE Composite

1,764.03

0.03

-

Nikkei 225

-

-

-

Straits Times

3,291.56

0.27

0.01

KOSPI Composite

-

-

-

Taiwan Weighted

-

-

-

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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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