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Asian markets end higher on Thursday

26 Jul 2018 Evaluate

Asian equity markets ended mostly higher on Thursday as US President Donald Trump and European Commission president Jean-Claude Juncker agreeing to work towards eliminating trade barriers on industrial goods. The US and the EU have agreed to work for zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto goods. They also agreed to increase trade in services and agriculture, including greater US soybean exports to the EU. Though, Chinese shares ended lower as months of see-sawing US-Sino trade friction stoked uncertainties over the country’s economic growth, prompting investors to take a cautious stance. Japanese shares ended slightly lower as the yen gained ground on speculation the Bank of Japan could scale back its stimulus program next week.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,882.94

-20.71

-0.72

Hang Seng

28,781.14

-139.76

-0.49

Jakarta Composite

5,946.14

12.25

0.21

KLSE Composite

1,766.23

2.45

0.14

Nikkei 225

22,586.87

-27.38

-0.12

Straits Times

3,328.60

1.77

0.05

KOSPI Composite

2,289.06

16.03

0.70

Taiwan Weighted

11,010.61

44.82

0.41

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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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