Asian markets close mostly in green on Tuesday

06 Mar 2018 Evaluate

The Asian markets closed mostly in green on Tuesday amid receding worries about a trade war as US President Donald Trump faced mounting pressure from political allies to reconsider his decision to impose tariffs on steel and aluminum imports. US House of Representatives Speaker Paul Ryan urged Trump to rethink the planned tariffs on steel and aluminum as confusion persisted about the timing and extent of the planned tariffs. Trump indicated that the tariffs would be removed if the US negotiates a ‘new & fair’ NAFTA agreement. Chinese stocks posted strong gains after reports that China's securities regulator is considering giving Chinese investors access to offshore-listed tech companies via depositary receipts. Further, the Japanese index Nikkei rose after Wall Street shares rallied overnight, with the dollar’s bounce lifting exporter shares.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,289.64	32.72	1.00
Hang Seng	30,510.73	624.34	2.09
Jakarta Composite	6,500.11	-50.48	-0.77
KLSE Composite	1,848.37	5.75	0.31
Nikkei 225	21,417.76	375.67	1.79
Straits Times	3,491.92	53.31	1.55
KOSPI Composite	2,411.41	36.35	1.53
Taiwan Weighted	10,784.34	141.44	1.33

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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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