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Asian markets end mostly lower on Tuesday

09 Jul 2019 Evaluate

Asian markets ended mostly lower on Tuesday as sentiment turned cautious ahead of Fed Chairman Jay Powell's two-day testimony to Congress on Wednesday and Thursday, with markets waiting to see whether the language will be dovish enough after the release of a stronger-than-expected jobs report. Powell is due to testify before the House Financial Services Committee on Wednesday and before the Senate Banking Committee on Thursday. Chinese shares ended down as investors fretted about a lack of clarity in US-China trade talks following last week's G20 summit in Japan. Seoul shares retreated on economic concerns as a Japanese minister ruled out a withdrawal of restrictions on Japanese high-tech exports to South Korea, saying the curbs did not violate World Trade Organization rules. Though, Japanese markets eked out small gains even as technology shares slumped after Rosenblatt Securities downgraded its rating on Apple's stock to ‘Sell’ from ‘Neutral’.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,928.23
-5.13
-0.17

Hang Seng

28,116.28
-215.41
-0.76

Jakarta Composite

6,388.32
36.49
0.57

KLSE Composite

1,682.87

5.23

0.31

Nikkei 225

21,565.15
30.80
0.14

Straits Times

3,329.46

-4.77
-0.14

KOSPI Composite

2,052.03
-12.14
-0.59

Taiwan Weighted

10,702.78
-48.44
-0.45

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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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