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Asian markets end mostly higher on Thursday

12 Dec 2019 Evaluate

Asian markets ended mostly higher on Thursday after the Federal Reserve left interest rates unchanged, as widely expected, and signaled it would keep them on hold through 2020 amid a solid economy, sticking to the sidelines during an election year. Meanwhile, investors traded cautiously ahead of a Trump's tariff decision and the closely watched British election, with polls predicting a narrow Conservative win. Japanese shares ended almost flat as a deadline for an additional round of US tariffs on Chinese imports loomed and machinery orders data disappointed. Data showed that the total value of core machine orders in Japan was down a seasonally adjusted 6.0 percent sequentially in October, missed forecasts for an increase of 0.7 percent following the 2.9 percent decline in September. On a yearly basis, core machine orders sank 6.1 percent, again missing expectations for a drop of 1.9 percent following the 5.1 percent jump in the previous month.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,915.70
-8.72
-0.30

Hang Seng

26,994.14
348.71
1.31

Jakarta Composite

6,139.40
-40.70
-0.66

KLSE Composite

1,569.82

6.63

0.42

Nikkei 225

23,424.81
32.95
0.14

Straits Times

3,194.67
21.77
0.69

KOSPI Composite

2,137.35
31.73
1.51

Taiwan Weighted

11,836.42
135.65
1.16

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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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