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Asian markets close mostly in green on Wednesday

21 Feb 2018 Evaluate

The Asian markets closed mostly in green on Wednesday despite weak overnight cues from Wall Street. Underlying sentiment remained cautious somewhat after yields on US treasury debt hit a four-year high on Tuesday on expectations of a faster pace of interest rate increases from the Federal Reserve. The Federal Reserve will release minutes of its January 30-31 meeting later today, as investors look for further insight on inflation and interest rates. The dollar hit a one-week high versus a basket of major currencies, while oil prices fell ahead of the release of US inventory figures expected to show a rise in crude oil stockpiles in the week to February16. Japanese shares ended the choppy session slightly in green as a weaker yen helped offset flash data from IHS Markit showing the country’s manufacturing activity grew at a slightly slower pace in February. Mainland Chinese markets remained closed for Lunar New Year holiday.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

-

-

-

Hang Seng

31,431.89

558.26

1.81

Jakarta Composite

6,643.40

-19.48

-0.29

KLSE Composite

1,858.17

2.18

0.12

Nikkei 225

21,970.81

45.71

0.21

Straits Times

3,516.23

39.70

1.14

KOSPI Composite

2,429.65

14.53

0.60

Taiwan Weighted

10,714.44

293.35

2.81

About MoneyWorks4Me

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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To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

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