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Asian markets end mostly lower on Thursday

30 Aug 2018 Evaluate

Asian equity markets ended mostly lower on Thursday, as worries about the escalating Washington-Beijing trade war overshadowed investors’ optimism about the NAFTA trade talks. Chinese shares ended lower as trade fears lingered and investors awaited cues from manufacturing data due Friday. Meanwhile, Japanese shares gave up initial gains to end on a flat note. Retail sales in Japan rose a seasonally adjusted 0.1 percent sequentially in July, a government report showed today. That missed expectations for an increase of 0.2 percent. On an annual basis, retail sales climbed 1.5 percent - exceeding expectations for 1.2 percent and down from 1.8 percent in the previous month.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,737.74

-31.55

-1.15

Hang Seng

28,164.05

-252.39

-0.90

Jakarta Composite

6,018.96

-46.19

-0.77

KLSE Composite

1,819.66

-0.98

-0.05

Nikkei 225

22,869.50

21.28

0.09

Straits Times

3,225.72

-18.20

-0.56

KOSPI Composite

2,307.35

-1.68

-0.07

Taiwan Weighted

11,093.75

-5.82

-0.05

About MoneyWorks4Me

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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