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Asian markets end mostly lower on Friday

04 May 2018 Evaluate

Asian equity markets ended mostly in red on Friday as investors kept a close watch on US-China trade talks and waited for cues from the US jobs report due later in the day. Employment is expected to increase by 192,000 jobs in April after rising by 103,000 jobs in March. The unemployment rate is expected to dip to 4.0 percent from 4.1 percent. Chinese shares ended lower as traders remained focus on the US-China trade talks as well as upcoming US employment data. Further, Hong Kong's shares closed lower after the latest survey from Nikkei showed the private sector in Hong Kong swung to contraction in April. Meanwhile, Japanese markets were closed on Friday for a holiday.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,091.03

-9.83

-0.32

Hang Seng

29,926.50

-386.87

-1.28

Jakarta Composite

5,792.35

-66.39

-1.13

KLSE Composite

1,841.83

-9.97

-0.54

Nikkei 225

-

-

-

Straits Times

3,545.38

-30.30

-0.85

KOSPI Composite

2,461.38

-25.87

-1.04

Taiwan Weighted

10,529.37

15.19

0.14

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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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