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Asian markets end lower as budget deal hope fades

21 Dec 2012 Evaluate

Asian markets went home with a red mark on Friday after Republican lawmakers cancelled a vote on a tax-cut plan, increasing doubts over the U.S. economic condition. Meanwhile, Japan’s Nikkei closed in negative territory as the yen’s upmove weighed on Japanese exporters. Hong Kong closed lower, dragged by energy firms like Petroleum & Chemical Corp., which was down by 1.4%, while South Korean market ended lower with heavyweight Samsung Electronics’ decline by 4.1%.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,153.31

-15.04

-0.69

Hang Seng

22,506.29

-153.49

-0.68

Jakarta Composite

4,250.21

-4.60

-0.11

KLSE Composite

1,658.85

-11.75

-0.70

Nikkei 225

9,940.06

-99.27

-0.99

Straits Times

3,163.56

-11.96

-0.38

KOSPI Composite

1,980.42

-19.08

-0.95

Taiwan Weighted

7,519.93

-75.53

-0.99

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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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