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Asian markets end mostly higher on Tuesday

05 Jun 2018 Evaluate

Asian equity markets ended mostly higher on Tuesday. Chinese shares ended higher after data showed activity in China's services sector expanded at a steady pace in May. The Caixin Services PMI stood at 52.9 in the month, matching expectations and unchanged from the previous month. Japanese shares eked out modest gains as the yen edged lower against the dollar and data on services sector activity and household spending painted a mixed picture of the economy. However, weak commodity prices pulled down resource stocks and investors waited for cues from the G-7 summit in Canada later this week as well the June 12 summit in Singapore between US President Donald Trump and North Korean leader Kim Jong Un.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,114.2123.020.74

Hang Seng

31,093.4595.470.31

Jakarta Composite

6,088.7973.971.23

KLSE Composite

1,755.140.03--

Nikkei 225

22,539.5463.600.28

Straits Times

3,483.1615.680.45

KOSPI Composite

2,453.766.000.25

Taiwan Weighted

11,100.11-9.39-0.08

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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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