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Asian markets end mostly lower after a cautious trades

13 May 2013 Evaluate

Asian markets ended mostly lower on Monday, as investors sentiment were hit by selling in commodities triggered by a strong dollar. However, Japanese market closed higher, on the back of weakening yen as it improves earnings prospects for exporters and underpins the export-reliant economy. Shanghai stocks went home with red mark, dragged by gold producers and financial firms. Hong Kong shares closed lower after suffering worst loss in almost a month as Ping An Insurance fell sharply after regulators slapped a three-month ban on its brokerage unit for helping list a fraudulent Chinese company.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,241.92

-4.91

-0.22

Hang Seng

22,989.81

-331.41

-1.42

Jakarta Composite

5,054.63

-51.31

-1.00

KLSE Composite

 1,787.90

15.52

0.88

Nikkei 225

14,782.21

174.67

1.20

Straits Times

3,428.96

-14.81

-0.43

KOSPI Composite

1,948.70

3.95

0.20

Taiwan Weighted

8,248.32

-31.94

-0.39

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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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