Jubilation prolongs for second straight day in Asian region

05 Jul 2013 Evaluate

Prolonging the previous session’s rally, all the Asian equity indices barring Kospi Composite, ended in the green on last trading day of the week, as investors piled-up positions in risky assets ahead of US monthly jobs data, which is expected to show modest improvement in US hiring. Sentiments also remained upbeat following the European Central Bank and the Bank of England overnight pledging to keep interest rates low for an extended period to support growth. Chinese benchmark edged little higher to hit highest close in two weeks on Friday, as strength in the property sector helped indexes to their first weekly gain in five ahead of a slew of June economic data next week.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2007.20	1.10	0.05
Hang Seng	20854.67	386.00	1.89
Jakarta Composite	4602.87	20.87	0.46
KLSE Composite	1772.27	0.93	0.05
Nikkei 225	14309.97	291.04	2.08
Straits Times	3169.73	22.61	0.72
KOSPI Composite	1833.31	-5.83	-0.32
Taiwan Weighted	8001.82	108.10	1.37

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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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