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Asian markets close in red on Wednesday

07 Mar 2018 Evaluate

Asian markets closed in red on Wednesday after White House chief economic adviser Gary Cohn, an advocate for free trade, resigned from the Trump administration, raising concerns that Trump will go ahead with his plan to impose tariffs and risk a trade war. Further, worries about the potential impact of a trade war overshadowed easing geopolitical concerns after North Korea said it is willing to talk about denuclearization. Japanese shares closed lower as steelmakers extended recent losses on trade tariff worries.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,271.67

-17.97

-0.55

Hang Seng

30,196.92

-313.81

-1.03

Jakarta Composite

6,368.27

-131.84

-2.03

KLSE Composite

1,837.90

-10.47

-0.57

Nikkei 225

21,252.72

-165.04

-0.77

Straits Times

3,450.69

-41.23

-1.18

KOSPI Composite

2,401.82

-9.59

-0.40

Taiwan Weighted

10,745.32

-39.02

-0.36

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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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