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Asian markets end in red on Friday

20 Apr 2018 Evaluate

Asian equity markets ended in red on Friday, led by losses in technology stocks amid falling demand for smartphones and a downward revision in revenue target by the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company. Japanese shares ended lower as worries about slower smartphone demand hit technology shares, while financial stocks rallied thanks to higher US yields. Further, Chinese shares ended down, due largely to heavy selling in telecom and software stocks.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,071.54

-45.83

-1.47

Hang Seng

30,418.33

-290.11

-0.94

Jakarta Composite

6,337.70

-18.21

-0.29

KLSE Composite

1,887.75

-7.43

-0.39

Nikkei 225

22,162.24

-28.94

-0.13

Straits Times

3,573.38

-25.35

-0.70

KOSPI Composite

2,476.33

-9.77

-0.39

Taiwan Weighted

10,779.38

-191.84

-1.75

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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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