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Asian markets close mostly in red on Thursday

22 Feb 2018 Evaluate

The Asian markets closed mostly in red on Thursday, bond yields hit a fresh four-year high and the dollar stood near a one-week high against a basket of major currencies after the minutes from the Federal Reserve's January meeting showed the central bank plans to raise interest rates three times in 2018. According to the Fed minutes, policymakers expressed rising confidence on inflation while agreeing that the strengthening in the near-term economic outlook increased the likelihood that a gradual upward trajectory of the federal funds rate would be appropriate. Japanese shares ended to near one-week low as US rate hike bets boosted demand for the yen. Though, Chinese shares ended higher as traders returned to their desks following the Lunar New Year holidays.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,268.56

69.40

2.17

Hang Seng

30,965.68

-466.21

-1.48

Jakarta Composite

6,593.06

-50.34

-0.76

KLSE Composite

1,855.07

-3.10

-0.17

Nikkei 225

21,736.44

-234.37

-1.07

Straits Times

3,488.46

-27.77

-0.79

KOSPI Composite

2,414.28

-15.37

-0.63

Taiwan Weighted

10,662.38

-52.06

-0.49

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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