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Asian markets end lower on Tuesday

13 Aug 2019 Evaluate

Asian markets ended lower on Tuesday as increasingly violent protests in Hong Kong resulted in the cancellation of hundreds of flights in and out of the financial hub, with the overall unrest showing no clear signs of ending. Market sentiments weakened further with uncertainties surrounding the US-China trade war and Argentine President Mauricio Macri's loss in primary elections sent investors scrambling for safe-haven assets such as the yen, gold and bonds. Japanese shares hit a one-week low as traders returned to their desks after a long holiday weekend. Moreover, Chinese shares ended lower after data showed banks extended fewer-than-expected new yuan loans in July. Reports showing Chinese banks extended 1.06 trillion yuan ($150.06 billion) in new yuan loans in July, down from June and falling short of expectations. Meanwhile, investors awaited key reports on retail sales, industrial production and the jobless rate due on Wednesday for further direction.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,797.26
-17.73
-0.63

Hang Seng

25,281.30
-543.42
-2.10

Jakarta Composite

6,210.96
-39.64
-0.63

KLSE Composite

1,592.88

-22.17

-1.37

Nikkei 225

20,455.44
-229.38
-1.11

Straits Times

3,146.73
-22.21
-0.70

KOSPI Composite

1,925.83
-16.46
-0.85

Taiwan Weighted

10,362.66
-109.70
-1.05

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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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