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Asian markets end mostly in green on Friday

03 Nov 2017 Evaluate

Asian equity markets ended mostly higher on Friday even as Chinese markets came under selling pressure amid anaemic growth in the nation’s service sector in October heightened worries about an economic slowdown. Underlying sentiments remained supported somewhat after the release of US tax reform bill as well as the announcement of Jerome Powell as the next Federal Reserve Chair. Investors attention shifted to the all-important US jobs report due tonight, with US employment expected to jump by 312,000 jobs in October after unexpectedly dipping by 33,000 jobs in September. The unemployment rate is expected to hold at 4.2 percent. The Japanese markets were closed for the Culture Day holiday.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,371.74

-11.56

-0.34

Hang Seng

28,603.61

84.97

0.30

Jakarta Composite

6,039.54

8.43

0.14

KLSE Composite

1,740.93

-0.12

-0.01

Nikkei 225

-

-

-

Straits Times

3,382.31

1.81

0.05

KOSPI Composite

2,557.97

11.61

0.46

Taiwan Weighted

10,800.77

12.26

0.11

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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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