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Asian markets continue northbound journey on Thursday

02 Feb 2012 Evaluate

Sentiments continue to remain sanguine in Asia and all the indices barring Straits Times ended the session in the positive terrain on Thursday as investors’ confidence encouraged by better than expected manufacturing data from the US, Europe and China, suggesting resilience in the global factory sector that helped to paint a brighter picture of the global economic outlook. Meanwhile, Seoul shares rose for a third straight day on Thursday as a gush of offshore buying broke a stubborn resistance line, with global sentiment bullish while, Chinese Shanghai gained about two percent, led by financial companies after a report said banks’ dividend payout ratio could be cut. Moreover, Taiwan stocks ended 1.37 percent higher at a five-month closing high, topped by LCD makers and computer counters.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,312.56

44.48

1.96

Hang Seng

20,739.45

406.08

2.00

Jakarta Composite

4,016.90

51.93

1.31

Nikkei 225

8,876.82

67.03

0.76

Straits Times

2,901.04

-3.72

-0.13

Seoul Composite

1,984.30

25.06

1.28

Taiwan Weighted

7,652.46

103.25

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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