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Asian markets end mostly in red on Friday

15 Dec 2017 Evaluate

Asian equity markets ended mostly in red on Friday as uncertainty over US tax reform legislation outweighed upbeat data from Japan. Japanese shares ended lower on Friday, with mobile firms extending a sell-off on concerns of increased competition after e-commerce group Rakuten said it aims to become the country’s fourth wireless carrier. Further, Chinese shares fell as investors responded to China’s hike in market interest rates by taking profits in sectors that have had robust gains this year.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,266.14

-26.30

-0.80

Hang Seng

28,848.11

-318.27

-1.09

Jakarta Composite

6,119.42

5.77

0.09

KLSE Composite

1,753.07

-5.93

-0.34

Nikkei 225

22,553.22

-141.23

-0.62

Straits Times

3,416.94

-18.84

-0.55

KOSPI Composite

2,482.07

12.59

0.51

Taiwan Weighted

10,491.44

-46.57

-0.44

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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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