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Asian markets end mostly lower on Thursday

21 Jun 2018 Evaluate

Asian equity markets ended mostly lower on Thursday as caution prevailed amid lingering worries over Sino-US trade spat. Oil prices eased a touch as nerves grew ahead of Friday's meeting between OPEC and other big producers, including Russia, with growing expectations that the Vienna talks could result in an agreement to increase crude supplies. Speculation of imminent monetary policy easing in China helped to limit overall losses to some extent. Chinese shares ended lower as trade war woes overshadowed media reports that Beijing will undertake measures to boost credit supply to smaller companies. Meanwhile, Japanese shares eked out modest gains as the yen weakened and technology stocks followed their US peers higher.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,875.61

-40.12

-1.40

Hang Seng

29,296.05

-400.12

-1.37

Jakarta Composite

5,822.33

-61.71

-1.06

KLSE Composite

1,692.32

-17.43

-1.02

Nikkei 225

22,693.04

137.61

0.61

Straits Times

3,300.00

-15.90

-0.48

KOSPI Composite

2,337.83

-26.08

-1.12

Taiwan Weighted

10,941.07

13.63

0.12

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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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