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Asian markets end mostly lower on Wednesday

23 Oct 2019 Evaluate

Asian markets ended mostly lower on Wednesday amid renewed Brexit uncertainty after UK lawmakers rejected Prime Minister Boris Johnson's plan to fast-track his Brexit accord through parliament. Chinese shares ended lower as investors kept an eye on developments surrounding Brexit and Sino-US trade talks. Moreover, Hong Kong shares ended down after a report saying China is drawing up a plan to remove Hong Kong's leader Carrie Lam after months of sometimes violent pro-democracy protests. Meanwhile, Hong Kong's consumer price index rose 3.2 percent year-on-year in September, slower than 3.5 percent increase in August, a government report showed. The latest inflation rate was the lowest since May, when it was 2.8 percent. Though, Japanese shares ended up as the yen held stable, while investors awaited the start of the corporate earnings season.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,941.62
-12.76
-0.43

Hang Seng

26,566.73
-219.47
-0.82

Jakarta Composite

6,257.81
32.31
0.52

KLSE Composite

1,568.79

-5.30

-0.34

Nikkei 225

22,625.38
76.48
0.34

Straits Times

3,144.28
-16.39
-0.52

KOSPI Composite

2,080.62
-8.24
-0.39

Taiwan Weighted

11,239.67
-31.58
-0.28

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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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