SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ease in oil prices, uptick in US housing pull Asian markets higher

28 Feb 2012 Evaluate

Most of the Asian equity indices snapped the session on higher note on Tuesday after data showed a slightly improved housing market in the US. The National Association of Realtors said its index of sales agreements rose 2 percent last month to a reading of 97, the highest since April 2010. A reading of 100 is considered healthy. Moreover, ease in crude oil prices too supported the sentiments. Benchmark oil slipped below $108 per barrel while the dollar fell against the euro and the yen.

Meanwhile, Hong Kong index rose over one and a half percent in relatively thin Tuesday trade, bolstered by property and Chinese financials, ahead of key corporate earnings scheduled to be released after the market close. The Shanghai Composite Index reversed all its early losses to end up 0.2 percent at 2,451.86, extending its winning streak into an eighth session and closing at the highest since November 17, 2011. In addition, Japanese shares gained 0.92 percent on Tuesday to close at a seven-month high after late bargain-hunting reversed early losses.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,451.86

4.80

0.20

Hang Seng

21,568.73

350.87

1.65

Jakarta Composite

3,903.56

42.54

1.10

KLSE Composite

1,556.73

-2.31

-0.15

Nikkei 225

9,722.52

88.59

0.92

Straits Times

2,969.73

22.95

0.78

Seoul Composite

2,003.69

12.53

0.63

Taiwan Weighted

-

-

-

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×