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Asian markets close in red on Wednesday

28 Mar 2018 Evaluate

Asian stocks closed in red on Wednesday after US technology shares came under heavy selling pressure overnight on concerns about tighter industry regulations. Trade-related tensions also kept investors nervous. Japanese stocks fell, led by a sell-off in tech firms after their US counterparts skidded on concerns about government regulation, while ex-dividend trades added to the broader losses. Further, Chinese stocks closed lower, led by declines in the foreign trade sector. Stocks related to foreign trade dropped following the US government's latest tariff plan on imports from China.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,122.29

-44.36

-1.40

Hang Seng

30,022.53

-768.30

-2.50

Jakarta Composite

6,140.84

-68.51

-1.10

KLSE Composite

1,857.87

-4.58

-0.25

Nikkei 225

21,031.31

-286.01

-1.34

Straits Times

3,382.78

-56.57

-1.64

KOSPI Composite

2,419.29

-32.77

-1.34

Taiwan Weighted

10,865.66

-121.13

-1.10

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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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