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Asian markets conclude Monday’s trade mostly in green

23 Dec 2013 Evaluate

The Asian markets concluded Monday’s trade mostly in green, Chinese stocks gained for the first time in 10 trading sessions, indicating improving confidence among investors concerned that a spike in interbank lending rates last week could gum up the country’s financial system. Nikkei Stock Exchange was closed for the day on account of Emperor’s Day holiday. Borrowing costs in China’s money market started soaring again following a brief fall earlier Monday, as the central bank’s recent fund injection failed to appease jittery investors amid a seasonal surge in demand for cash by banks. The seven-day repurchase-agreement rate, a benchmark measure of the cost that banks charge each other for short-term loans, rose to 9.8%, up from 8.2% and its highest level since it hit 11.62% on June 20, at the peak of China’s summer cash crunch.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2089.71

4.91

0.24

Hang Seng

22921.56

109.38

0.48

Jakarta Composite

4189.61

-5.95

-0.14

KLSE Composite

1832.86

-5.17

-0.28

Nikkei 225

-

-

-

Straits Times

3116.22

21.74

0.70

KOSPI Composite

1996.89

13.54

0.68

Taiwan Weighted

8456.46

47.93

0.57

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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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