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Asian markets end mostly higher on Friday

06 Sep 2019 Evaluate

Asian markets ended mostly higher on Friday on reports that China and the United States agreed to hold high-level talks in early October in Washington. Hong Kong shares ended up, despite global rating agency Fitch Ratings downgrading Hong Kong's long-term foreign currency issuer default rating. The rating agency observed that ongoing demonstrations have done long-lasting damage to international perceptions about the effectiveness of Hong Kong's governance system and rule of law. Further, Japanese shares closed higher amid comments from Bank of Japan Governor Haruhiko Kuroda suggesting that cutting interest rates further into the negative zone is always an option, while the  yen retreated against the dollar as investors bid up riskier assets.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,999.60
13.74
0.46

Hang Seng

26,690.76
175.23
0.66

Jakarta Composite

6,308.95
2.15
0.03

KLSE Composite

1,604.47

4.72

0.30

Nikkei 225

21,199.57
113.63
0.54

Straits Times

3,144.48
-2.58
-0.08

KOSPI Composite

2,009.13
4.38
0.22

Taiwan Weighted

10,780.64
23.71
0.22

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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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