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Most Asian markets end lower

10 Oct 2012 Evaluate

Most Asian markets ended with red mark tracking losses on Wall Street after the IMF cut its global growth forecast, anticipating the slowest rate in three years. Japanese Nikkei ended with sharp losses by the strengthening yen, with selling fuelled by report that the country's leading carmakers sales in China declined in September because of diplomatic squabble between Tokyo and Beijing. However, markets in mainland China went home with green mark after posting big gains on expectation that Chinese authorities will take important steps to help reverse the decline in growth in the world's second-largest economy. Taiwan Weighted remained closed for trading on account of National Day.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2119.94

4.71

0.22

Hang Seng

20,919.60

-17.68

-0.08

Jakarta Composite

4,280.01

-0.24

-0.01

KLSE Composite

1,659.40

-3.92

-0.24

Nikkei 225

8,596.23

-173.36

-1.98

Straits Times

3,033.81

-32.10

-1.05

KOSPI Composite

1948.22

-30.82

-1.56

Taiwan Weighted

-

-

-

About MoneyWorks4Me

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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