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Asian markets close in red on Tuesday

20 Feb 2018 Evaluate

Asian stocks closed in red on Tuesday in the absence of any lead from Wall Street and amid weak cues from Europe. Investors remained on sidelines ahead of minutes from the latest Federal Open Market Committee meeting and a slew of speeches by Fed officials this week to assess the outlook for rate tightening. Japanese Nikkei edged lower by over a percent, as a combination of a retreat in risk appetite and profit-taking dented the broader market, with financials and index-heavy shares underperforming. Markets in China and Taiwan remained closed for the Lunar New Year holidays.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

-

-

-

Hang Seng

30,873.63

-241.80

-0.78

Jakarta Composite

6,662.88

-26.41

-0.39

KLSE Composite

1,855.99

-1.33

-0.07

Nikkei 225

21,925.10

-224.11

-1.01

Straits Times

3,476.53

-11.35

-0.33

KOSPI Composite

2,415.12

-27.70

-1.13

Taiwan Weighted

-

-

-

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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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