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Asian markets end in green on Friday

08 Dec 2017 Evaluate

Asian equity markets ended in green on Friday as Chinese trade data beat expectations and the US Congress passed a stopgap spending bill to keep the government funded until December 22 and continue budget negotiations. Also, media reports suggested that Britain and Ireland were close to a Brexit deal. The focus firmly remained on US jobs figures for November due tonight, with economists expecting US employment to increase by 200,000 jobs in November after surging up by 261,000 jobs in October. The unemployment rate is expected to hold at 4.1 percent. Chinese shares ended higher after data from the General Administration of Customs showed the country's exports grew at a faster-than-expected pace in November. Chinese exports advanced 12.3 percent year-over-year in dollar terms, well above the 5.9 percent rise economists had forecast. Imports surged 17.7 percent in November from a year ago, faster than the expected growth of 13.0 percent. Further, Japanese shares led regional gains as the yen weakened and data showed Japan's GDP grew an annual 2.5 percent in the July-September quarter, revised up from a preliminary estimate of 1.4 percent growth. Another report showed that Japan posted a current account surplus of 2.176 trillion yen in October - up 40.7 percent from last year.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,289.99

17.94

0.55

Hang Seng

28,639.85

336.66

1.19

Jakarta Composite

6,030.96

24.12

0.40

KLSE Composite

1,721.25

2.20

0.13

Nikkei 225

22,811.08

313.05

1.39

Straits Times

3,424.64

36.50

1.08

KOSPI Composite

2,464.00

2.02

0.08

Taiwan Weighted

10,398.62

42.86

0.41

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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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