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Asian markets end mixed on Tuesday

19 Dec 2017 Evaluate

Asian equity markets made a mixed closing on Tuesday as investors remained optimistic about the outlook for Republican tax reform and the World Bank raised its forecast for China's growth in 2017, citing rising household incomes and a recovery in global trade. The US House of Representatives is scheduled to vote on the tax bill later in the day, while a vote in the Senate is expected to follow shortly on the heels. Chinese shares ended higher, reflecting gains in other regional markets and overnight gains on Wall Street. Meanwhile, Japanese shares edged lower amid profit taking as the year-end holiday season approaches.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,296.54

28.62

0.88

Hang Seng

29,253.66

203.25

0.70

Jakarta Composite

6,167.67

33.70

0.55

KLSE Composite

1,736.95

-14.69

-0.84

Nikkei 225

22,868.00

-33.77

-0.15

Straits Times

3,404.47

-10.35

-0.30

KOSPI Composite

2,478.53

-3.35

-0.13

Taiwan Weighted

10,467.34

-39.18

-0.37

 

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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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