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Asian markets end lower on Tuesday

29 May 2018 Evaluate

Asian equity markets ended lower on Tuesday as investors monitored oil prices and kept an eye on political developments in Italy. The prospects of fresh elections in the country offset optimism over a possible revival in diplomatic talks between the US and North Korea. Chinese shares ended lower on concerns about rising credit risks in the country. Further, Japanese shares hit a one-month low as concerns over European politics and uncertainty over the prospects for a US-North Korea summit sapped investors' appetite for risk. Meanwhile, the markets in Malaysia, Singapore, and Indonesia are closed for Wesak Day.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,120.46

-14.62

-0.40

Hang Seng

30,484.58

-307.68

-1.00

Jakarta Composite

-

-

-

KLSE Composite

-

-

-

Nikkei 225

22,358.43

-122.66

-0.55

Straits Times

-

-

-

KOSPI Composite

2,457.25

-21.71

-0.88

Taiwan Weighted

10,964.12

-23.65

-0.22

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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