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Asian markets end mixed on Friday

24 Aug 2018 Evaluate

 Asian equity markets ended mixed on Friday as trade war tensions and the prospects of a no-deal Brexit threatened to deepen the risks to global growth. The oil markets held steady while the dollar remained buoyant after US-China trade talks ended without any tangible results. Investors looked ahead to US Federal Reserve Chairman Jerome Powell's big Jackson Hole speech later today for Fed views on Turkey's currency crisis and the US-Chinese trade spat. Japanese shares ended higher as the yen remained weak and a government report showed the country's annual inflation stalled in July, raising speculation the Bank of Japan may delay its exit from ultra-loose policy. Further, Chinese shares ended marginally higher, aided by strength in banking shares.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,729.43

4.81

0.18

Hang Seng

27,671.87

-118.59

-0.43

Jakarta Composite

5,968.75

-14.24

-0.24

KLSE Composite

1,808.59

-2.28

-0.13

Nikkei 225

22,601.77

190.95

0.84

Straits Times

3,213.00

-36.89

-1.15

KOSPI Composite

2,293.21

10.61

0.46

Taiwan Weighted

10,809.35

-53.78

-0.50

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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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