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Asian markets end in green on Wednesday

22 Nov 2017 Evaluate

Asian equity markets ended in green on Wednesday after the major US averages hit fresh record closing highs overnight, buoyed by upbeat corporate earnings results and higher commodity prices. Investors remained focused on the minutes from the latest Fed and ECB meeting due today and tomorrow, respectively. Japanese shares ended higher, buoyed by gains in large-cap stocks such as SoftBank and Fanuc, and financial companies as global growth hopes lifted the mood across world markets. Further, Chinese shares ended higher, underpinned by robust gains in banking and energy shares, while those in the defensive consumer and healthcare sectors paused for a breath after recent gains. Meanwhile Hong Kong's Hang Seng index ended above 30,000 points for the first time in 10 years, amid signs Chinese investors are stepping up buying of Hong Kong stocks.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,430.46

19.97

0.59

Hang Seng

30,003.49

185.42

0.62

Jakarta Composite

6,069.79

37.92

0.63

KLSE Composite

1,723.54

2.86

0.17

Nikkei 225

22,523.15

106.67

0.48

Straits Times

3,430.02

6.64

0.19

KOSPI Composite

2,540.51

9.81

0.39

Taiwan Weighted

10,822.59

43.35

0.40

 

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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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