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Asian markets end lower as Japan reverses gain after Abe speech

05 Jun 2013 Evaluate

Asian stocks markets ended lower, led by Japan’s Nikkei, which went home with huge losses after Prime Minister Shinzo Abe outlined his economic growth strategy. Hong Kong market closed lower after touching their lowest in six weeks on Wednesday. Mainland Chinese markets also ended weak after comments from US Federal Reserve officials fanned fresh worries about the duration of its stimulus programme. Shares in Taiwan went home with red mark as investors remained cautious by the Legislative Yuan's failure to pass an amendment to the capital gains tax on stock investments on May 31, the final day of the Legislature's spring session.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,270.93

-1.49

-0.07

Hang Seng

22,069.24

-216.28

-0.97

Jakarta Composite

5,001.22

-20.39

-0.41

KLSE Composite

1,774.42

-2.32

-0.13

Nikkei 225

13,014.87

-518.89

-3.83

Straits Times

3,243.43

-47.92

-1.46

KOSPI Composite

1,959.19

-30.32

-1.52

Taiwan Weighted

8,181.91

-9.31

-0.11

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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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