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Asian markets end mostly higher on Friday

28 Dec 2018 Evaluate

Asian markets ended mostly higher on Friday, tracking overnight gains on Wall Street. Buying interest was a bit subdued in some of the markets in the region, with investors staying a bit cautious due to concerns about global growth and doubts about US and China agreeing on a long term trade deal anytime soon. The Japanese market ended weak, with investors taking profits after recent strong gains. Some disappointing economic data too contributed to the weakness in the market. On the economic front, the Ministry of Internal Affairs and Communications said that the jobless rate in Japan came in at a seasonally adjusted 2.5 percent in November. That was above expectations for 2.4 percent, which would have been unchanged from the October reading.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,493.90
10.81
0.44

Hang Seng

25,504.20
25.32
0.10

Jakarta Composite

6,194.50
3.86
0.06

KLSE Composite

1,692.07

1.35

0.08

Nikkei 225

20,014.77
-62.85
-0.31

Straits Times

3,053.43
8.69
0.29

KOSPI Composite

2,041.04
12.60
0.62

Taiwan Weighted

9,727.41
85.85
0.89

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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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