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Asian markets end higher on Monday

09 Jul 2018 Evaluate

Asian equity markets ended higher on Monday as strong US jobs growth data helped investors shrug off renewed concerns over an escalating US-China trade dispute. US job growth increased more than expected in June but slowing wage increases helped reduce the probability of another Fed rate hike for September. Japanese shares hit a one-week high as the yen turned broadly lower in reaction to the strong US jobs data released on Friday. Meanwhile, China’s share market bounced despite heightened trade tensions between Washington and Beijing after each imposed major tariffs on the other’s goods last week and investors nervously watched for more policy action.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,815.5168.282.43

Hang Seng

28,688.50

372.88

1.30

Jakarta Composite

5,807.38

112.47

1.94

KLSE Composite

1,673.36

9.50

0.57

Nikkei 225

22,052.18

264.04

1.20

Straits Times

3,228.82

37.00

1.15

KOSPI Composite

2,285.80

12.93

0.57

Taiwan Weighted

10,720.28111.711.04  

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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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