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Asian markets end mostly in green on Tuesday

24 Oct 2017 Evaluate

Asian equity markets ended mostly higher on Tuesday. Chinese shares rose as the Communist Party of China endorsed a second five-year term for 64-year old President Xi Jinping, making him the country's most powerful leader since Mao Zedong. Further, Japanese shares extended gains for a 16th consecutive session on the back of a weaker yen and amid relief over the BOJ policies. On the economic front, the latest survey from Nikkei revealed that activity in Japan's manufacturing sector continued to expand in October, albeit at a slightly slower pace with a manufacturing PMI score of 52.5, down from 52.9 in September.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,388.25

7.55

0.22

Hang Seng

28,154.97

-150.91

-0.53

Jakarta Composite

5,952.08

2.05

0.03

KLSE Composite

1,736.14

-5.33

-0.31

Nikkei 225

21,805.17

108.52

0.50

Straits Times

3,334.67

-15.13

-0.45

KOSPI Composite

2,490.49

0.44

0.02

Taiwan Weighted

10,743.78

8.57

0.08

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.

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