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Asian markets end mostly in green on Tuesday

07 Nov 2017 Evaluate

Asian equity markets ended mostly higher on Tuesday after the major US averages hit fresh record closing highs overnight, boosted by rallying oil prices and corporate dealmaking news. Higher commodity prices, including the overnight surge in crude oil prices after a purge of royal family's political rivals in Saudi Arabia helped investors shrug off US President Donald Trump's fiery rhetoric on North Korea and uncertainties related to proposed US tax reform. Chinese shares ended higher, with banking and energy firms leading the surge on optimism over global growth. Further, Japanese shares ended higher, with a weaker yen and optimism over corporate earnings buoying investor sentiment.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,413.58

25.40

0.75

Hang Seng

28,994.34

397.54

1.39

Jakarta Composite

6,060.45

9.63

0.16

KLSE Composite

1,750.94

8.65

0.50

Nikkei 225

22,937.60

389.25

1.73

Straits Times

3,413.10

31.25

0.92

KOSPI Composite

2,545.44

-3.97

-0.16

Taiwan Weighted

10,840.34

54.15

0.50

 

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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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