Asian stock markets rose, joining a US and European rally on positive economic data from the United States and Germany and shaking off jitters over the death of North Korean leader Kim Jong-il. The US Commerce Department reported unexpectedly strong November home starts at their highest level since April 2010 and up 9.3 percent from October. Investors’ confidence also surged after Spain’s government borrowing costs fell in a weekly debt auction.
Taiwan Weighted recorded the region’s biggest gains, zoomed over four and half a percent to 6,966.48 a day after the government said it will make use of a fund to restrict stock market losses resulting from sliding global markets. However, mainland Chinese stocks surrendered early gains to finish lower on concerns about the nation’s slowing economic engine, and as Ping An Insurance Group tumbled on equity-dilution worries after announcing a fund-raising plan.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,191.15 | -24.78 | -1.12 |
Hang Seng | 18,416.45 | 336.25 | 1.86 |
Jakarta Composite | 3,794.27 | 41.93 | 1.12 |
Nikkei 225 | 8,459.98 | 123.50 | 1.48 |
Straits Times | 2,673.32 | 58.87 | 2.25 |
Seoul Composite | 1,848.41 | 55.35 | 3.09 |
Taiwan Weighted | 6,966.48 | 303.84 | 4.56 |
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: