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Asian markets end mostly higher on Tuesday

24 Sep 2019 Evaluate

Asian markets ended mostly higher on Tuesday as investors looked forward to the next round of US-China trade talks, set to resume in couple of weeks. Chinese shares ended higher on optimism that policymakers will step up efforts to stabilize economic growth. China cut its new one-year benchmark lending rate for the second month in a row on Friday, as the central bank seeks to lower borrowing costs to support smaller firms affected by the trade war and wider slowdown. Meanwhile, Japanese shares ended almost flat as traders returned to their desks after a long holiday weekend. Investors shrugged off survey results from IHS Markit showing that Japan's private sector expanded at a slightly slower pace in September as manufacturing activity contracted further amid rising external headwinds.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,985.34
8.26
0.28

Hang Seng

26,281.00
58.60
0.22

Jakarta Composite

6,137.61
-68.59
-1.11

KLSE Composite

1,592.33

-0.60

-0.04

Nikkei 225

22,098.84
19.75
0.09

Straits Times

3,155.46
12.22
0.39

KOSPI Composite

2,101.04
9.34
0.45

Taiwan Weighted

10,918.01
-1.01
-0.01

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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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