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Asian markets end mostly higher on Friday

20 Jul 2018 Evaluate

Asian equity markets ended mostly higher on Friday despite concerns that an escalation of trade tensions could harm global growth. Chinese shares finished sharply higher, after China's central bank lowered its yuan midpoint for the seventh straight trading day. Investors believe the yuan's slide will cushion the impact on exporters from the planned next round of US tariffs. However, Japanese shares ended a choppy session lower after China allowed its yuan currency to slide further to its lowest level in a year, stoking concerns that China could turn a trade war into a currency war. In economic news, Japan's consumer price inflation rose 0.7 percent year-on-year in June, the Ministry of Internal Affairs and Communications said. That was unchanged from the May reading, although it was shy of expectations for 0.8 percent.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,829.15

56.60

2.00

Hang Seng

28,224.48

213.62

0.76

Jakarta Composite

5,872.78

1.70

0.03

KLSE Composite

1,754.67

-4.57

-0.26

Nikkei 225

22,697.88

-66.80

-0.29

Straits Times

3,297.83

20.25

0.61

KOSPI Composite

2,289.19

6.90

0.30

Taiwan Weighted

10,932.11

96.73

0.88

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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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