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Asian markets end mostly lower on Thursday

17 May 2018 Evaluate

Asian equity markets ended mostly lower on Thursday. Chinese stocks ended lower as investors turned cautious amid trade talks between China and the US in Washington. However, Japanese shares ended marginally higher after Wall Street gained overnight, with financial stocks rallying on an increase in US bond yields while tech shares attracted buyers after the yen weakened. Investors shrugged off weak Japanese core machinery orders data for March. The Cabinet Office said that the total value of core machine orders in Japan dropped 3.9 percent on month in March, coming in at 856.6 billion yen. That missed expectations for a decline of 3.0 percent following the 2.1 percent increase in February.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,154.28

-15.28

-0.48

Hang Seng

30,942.15

-168.05

-0.54

Jakarta Composite

5,815.92

-25.54

-0.44

KLSE Composite

1,854.44

-3.82

-0.21

Nikkei 225

22,838.37

121.14

0.53

Straits Times

3,536.76

3.71

0.11

KOSPI Composite

2,448.45

-11.37

-0.46

Taiwan Weighted

10,833.81

-63.76

-0.59

 

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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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