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Asian markets end mixed on Wednesday

24 Oct 2018 Evaluate

Asian markets ended mixed on Wednesday as traders mulled over the impact of tariffs on corporate America, after big industrial companies admitted that they were facing rising costs. The US-China trade war, Italian government finances and US-Saudi tensions also remained in focus for markets. Japanese shares ended higher after a survey showed activity in Japan's manufacturing sector expanded at a faster rate in October. The flash Markit/Nikkei manufacturing PMI rose to a seasonally adjusted 53.1 from a final 52.5 in September, as new export orders returned to growth. Meanwhile, Chinese shares ended higher as robust earnings partly offset ongoing concerns over pledged share risks and economic growth.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,603.30

8.47

0.33

Hang Seng

25,249.78

-96.77

-0.38

Jakarta Composite

5,709.42

-88.47

-1.55

KLSE Composite

1,690.04

-7.56

-0.45

Nikkei 225

22,091.18

80.40

0.36

Straits Times

3,032.08

0.69

0.02

KOSPI Composite

2,097.58

-8.52

-0.41

Taiwan Weighted

9,759.40

-15.80

-0.16

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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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