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Asian shares end mostly higher on Thursday

29 Aug 2019 Evaluate

Asian shares ended mostly higher on Thursday. Hong Kong shares closed on a positive note, recovering from three days of selling thanks to bargain-buying. Chinese shares slipped into the red as US-China trade worries persisted. The US Trade Representative’s office has reaffirmed President Donald Trump’s plans to impose an additional 5% tariff on a list of $300 billion of Chinese imports, with some starting on September 01. Japanese shares ended down on concerns that trade conflicts and UK's political uncertainty would hurt the global economy. British Prime Minister Boris Johnson has suspended parliament till middle October, curtailing any debate or moves on Brexit.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,890.92
-2.84
-0.10

Hang Seng

25,703.50
88.02
0.34

Jakarta Composite

6,289.12
7.47
0.12

KLSE Composite

1,595.18

5.36

0.34

Nikkei 225

20,460.93
-18.49
-0.09

Straits Times

3,081.83
25.36
0.83

KOSPI Composite

1,933.41
-7.68
-0.40

Taiwan Weighted

10,462.43
28.14
0.27

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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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