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Asian markets end mostly higher on Monday

19 Aug 2019 Evaluate

Asian markets ended mostly higher on Monday on hopes of more stimulus measures from central banks around the world to support their economies helped ease immediate concerns about a global recession. A rebound in US Treasury yields and reports suggesting that Washington and Beijing are working actively to revive negotiations aimed at ending the trade war also buoyed sentiment. On Sunday, US President Trump said that he had discussed the impact of Washington's tariffs on Chinese goods with Apple chief Tim Cook. Chinese shares closed higher after the People's Bank of China said it would use market-based reform methods to help lower real lending rates and prop up a slowing economy.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,883.10
59.28
2.10

Hang Seng

26,291.84
557.62
2.17

Jakarta Composite

6,296.72
10.06
0.16

KLSE Composite

1,596.45

-2.77

-0.17

Nikkei 225

20,563.16
144.35
0.71

Straits Times

3,128.45
13.42
0.43

KOSPI Composite

1,939.90
12.73
0.66

Taiwan Weighted

10,488.75
67.86
0.65

About MoneyWorks4Me

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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