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Asian markets end mostly higher on Tuesday

30 Apr 2019 Evaluate

Asian markets ended mostly higher on Tuesday with the rise in Chinese stocks despite data showed factory activity in China expanded for a second straight month in April but at a much slower pace, rekindling investor concerns over slowing global growth. The official Purchasing Managers' Index (PMI) for manufacturing unexpectedly fell to 50.1 in April from 50.5 in March, while the Caixin-Markit China PMI slipped to 50.2 against the 50.8 reading in the previous month. Growth in China's services sector also slowed in the month, an official survey showed. Investors also awaited a raft of economic data from the euro zone, the US Federal Reserve's two-day policy meeting starting later in the day and the latest developments on the trade front for directional cues. However, Seoul shares ended down after Samsung Electronics, the world's biggest Smartphone and memory chip maker, reported a slump in first-quarter net profits, hit by multiple factors. Upbeat industrial output data helped to limit the downside to some extent. A government report showed that industrial output in South Korea climbed a seasonally adjusted 1.4 percent month-on-month in March, - rebounding from the 3.4 percent contraction in February. Meanwhile, the Japanese markets were closed for the Golden Week holidays.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,078.34
15.84
0.52

Hang Seng

29,699.11
-193.70
-0.65

Jakarta Composite

6,455.35
29.45
0.46

KLSE Composite

1,642.29

4.89

0.30

Nikkei 225

-

-

-

Straits Times

3,400.20

6.82

0.20

KOSPI Composite

2,203.59
-12.84
-0.58

Taiwan Weighted

10,967.73
28.67
0.26

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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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