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Asian markets end mostly lower on Friday

02 Aug 2019 Evaluate

Asian markets ended mostly lower on Friday, followed by heavy selling pressure after a surprise tariff announcement from the United States overnight escalated trade tensions between Washington and Beijing. US President Donald Trump said Thursday that the US is putting 10% tariffs on another $300 billion worth of Chinese goods starting September 1. Japanese shares closed down as US-China trade tensions flared up once again, raising fresh concerns about the outlook for the global economy. Further, Seoul shares declined sharply amid Japan's decision to remove South Korea from a list of countries that enjoy minimum export controls.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,867.84
-40.93
-1.41

Hang Seng

26,918.58
-647.12
-2.35

Jakarta Composite

6,340.18
-41.36
-0.65

KLSE Composite

1,626.76

-12.31

-0.75

Nikkei 225

21,087.16
-453.83
-2.11

Straits Times

3,261.11
-30.64
-0.93

KOSPI Composite

1,998.13
-19.21
-0.95

Taiwan Weighted

10,549.04
-182.71
-1.70

 

 

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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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