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Asian markets end mostly lower on Friday

29 Nov 2019 Evaluate

Asian markets ended mostly lower on Friday on account of lack of overnight cues from Wall Street which was closed for the Thanksgiving holiday. Meanwhile, investors remained cautious amid worries that tensions between the US and China over Hong Kong could delay a potential ‘phase one’ trade deal. Japanese shares ended lower after the release of weak Japanese data. Japan reported that its factory output fell 4.2% in October, much worse than forecast and the biggest month-on-month drop since January 2018. The unemployment rate for Japan remained unchanged as expected in October, a separate communiqué revealed.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,871.98
-17.71
-0.61

Hang Seng

26,346.49
-547.24
-2.03

Jakarta Composite

6,011.83
58.77
0.99

KLSE Composite

1561.74

-22.03

-1.39

Nikkei 225

23,293.91
-115.23
-0.49

Straits Times

3,193.92
-6.69
-0.21

KOSPI Composite

2,087.96
-30.64
-1.45

Taiwan Weighted

11,489.57
-127.51
-1.10

 

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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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