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Asian markets end mostly higher on Friday

11 May 2018 Evaluate
Asian equity markets ended mostly higher on Friday, with higher commodity prices and easing rate hike fears helping underpin investors’ sentiments. While the dollar index eased somewhat after the release of tepid US inflation data, oil prices hovered near multi-year highs reached the previous session. Geopolitical developments also remained in focus after US President Donald Trump said he had high hopes of ‘doing something very meaningful’ to curtail North Korea's nuclear ambitions at a summit in Singapore in June. Japanese shares hit a three-month high as chip-related shares advanced and several companies posted strong earnings.  However, Chinese shares fell, but posted their best weekly performance in almost three months, as interest towards Chinese blue-chips has been steadily building ahead of MSCI’s A-share inclusion next month. Meanwhile, Malaysian markets were closed for a holiday as Mahathir Mohamad was sworn in as the nation's seventh prime minister after a stunning election comeback.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,163.26

-11.15

-0.35

Hang Seng

31,122.06

312.84

1.02

Jakarta Composite

5,956.83

48.89

0.83

KLSE Composite

-

-

-

Nikkei 225

22,758.48

261.30

1.16

Straits Times

3,570.17

32.58

0.92

KOSPI Composite

2,477.71

13.55

0.55

Taiwan Weighted

10,858.98

98.77

0.92

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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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