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Asian markets end lower on Monday

05 Aug 2019 Evaluate

Asian markets ended lower on Monday due to heavy selling pressure after the yuan's depreciation sparked fears of a currency war. China's central bank allowed its yuan to fall below the politically sensitive level of seven to the US dollar, fueling speculation that Beijing was allowing currency depreciation to counter US President Donald Trump's latest tariff threat. Chinese shares ended lower ahead of July trade and inflation data due this week. Further, Japanese shares closed sharply lower to hit a two-month low as investors grew nervous about a prolonged US-China trade war, with a rapidly strengthening yen dragging down exporters like Sony, Nissan, Panasonic and Daikin Industries.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,821.50
-46.34
-1.62

Hang Seng

26,151.32
-767.26
-2.85

Jakarta Composite

6,175.70
-164.48
-2.59

KLSE Composite

1,610.41

-16.35

-1.01

Nikkei 225

20,720.29
-366.87
-1.74

Straits Times

3,194.51
-66.60
-2.04

KOSPI Composite

1,946.98
-51.15
-2.56

Taiwan Weighted

10,423.41
-125.63
-1.19

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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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