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Asian markets end in green on Monday

30 Apr 2018 Evaluate

Asian equity markets ended in green on Monday as tensions in the Korean Peninsula faded and investors digested a slew of earnings releases and economic reports. The dollar held below three-month highs amid a pullback in Treasury yields and ahead of the Fed’s policy decision and a jobs report due this week, while oil prices slipped as investors waited for signs on whether the US would re-impose sanctions on Iran. Trading volumes remained thin across Asia amid holidays in China and Japan. Investors shrugged off official data from China showing that the country's manufacturing sector grew at a slower pace in April. The official manufacturing PMI fell slightly to 51.4 from 51.5 in March. However, the non-manufacturing PMI that covers services and construction, improved to 54.8 from 54.6 a month ago.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

-

-

-

Hang Seng

30,808.45

527.78

1.74

Jakarta Composite

5,994.60

75.36

1.27

KLSE Composite

1,870.37

6.90

0.37

Nikkei 225

-

-

-

Straits Times

3,613.93

36.72

1.03

KOSPI Composite

2,515.38

22.98

0.92

Taiwan Weighted

10,657.88

104.45

0.99

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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