Asian markets end mostly lower on Tuesday

03 Jul 2018 Evaluate

Asian equity markets ended mostly lower on Tuesday amid rising US-China trade frictions after the US moved to block China Mobile from entering its telecommunications market on national security grounds. Japanese shares closed near three-month lows as the July 6 deadline loomed for the Trump Administration's planned imposition of tariffs. However, Chinese stocks reversed steep losses to finish on a positive note and the yuan pared losses after sliding through 6.7 per dollar on expectations of intervention from policymakers to halt a rout.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,786.35	10.79	0.39
Hang Seng	28,545.57	-409.54	-1.43
Jakarta Composite	5,633.94	-112.83	-2.00
KLSE Composite	1,680.37	-4.68	-0.28
Nikkei 225	21,785.54	-26.39	-0.12
Straits Times	3,235.90	-3.04	-0.09
KOSPI Composite	2,272.76	1.22	0.05
Taiwan Weighted	10,715.72	-62.22	-0.58

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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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