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Asian markets end mixed on Wednesday

01 Aug 2018 Evaluate

Asian equity markets ended mixed on Wednesday as Chinese manufacturing data disappointed and investors remained focused on the US Federal Reserve's monetary policy decision due later in the day. The Federal Reserve is widely expected to leave interest rates unchanged, but the accompanying statement may offer clues about the outlook for US interest rates. Traders also digested news that the Trump administration is considering more than doubling its planned tariffs on $200 billion in Chinese imports. Chinese shares ended lower after the release of weak data. The manufacturing sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin revealed with a PMI score of 50.8, down from 51.0 in June. Meanwhile, Japanese shares closed higher on weaker yen and upbeat corporate earnings results from the likes of Sharp, Sony and Nintendo.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,824.21

-52.19

-1.85

Hang Seng

28,340.74

-242.27

-0.85

Jakarta Composite

6,033.42

96.98

1.61

KLSE Composite

1,788.31

4.06

0.23

Nikkei 225

22,746.70

192.98

0.85

Straits Times

3,328.95

9.10

0.27

KOSPI Composite

2,307.07

11.81

0.51

Taiwan Weighted

11,098.13

40.62

0.37


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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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