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Asian markets end mostly higher

16 Oct 2012 Evaluate

All Asian markets went home with green mark barring KLSE Composite, which edged marginally down. The stronger than expected retail sales data from the world’s largest economy supported the market to a major extent. Japan’s Nikkei ended with strong gains on the back of firm recovery in index heavyweight - Softbank following the official announcement that it will acquire a majority stake in Sprint Nextel Corp. Meanwhile, Hong Kong and China market closed with marginal gains on Tuesday ahead of China's growth data and with strong performance of Chinese real estate developers.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,098.81

0.11

0.01

Hang Seng

21,207.07

58.82

0.28

Jakarta Composite

4,329.08

15.55

0.36

KLSE Composite

1,653.52

-0.92

-0.06

Nikkei 225

8,701.31

123.38

1.44

Straits Times

3,046.81

3.76

0.12

KOSPI Composite

1,941.54

15.95

0.83

Taiwan Weighted

7,471.02

52.12

0.70

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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