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Most Asian markets end higher on hopes for ECB action

06 Sep 2012 Evaluate

Most Asian stock markets went home with green mark on the back of bargain-hunting following two days of losses due to batch of weak manufacturing data that fuelled concerns over the global economy. Markets were optimistic about the European Central Bank meeting, which anticipated announcing a plan to support financially struggling European countries. Investors are also waiting for Friday's U.S. payrolls data for signs of life in the world's largest economy. Sustained signs of weakness in the U.S. economy may lend a hand to influence the Federal Reserve for announcing new action after its meeting next week. Shanghai Composite ended higher with infrastructure stocks leading the rally on news that China's top planner had approved investment in subway projects since April.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,051.92

14.24

0.70

Hang Seng

19,209.30

64.23

0.34

Jakarta Composite

4,102.86

27.50

0.67

KLSE Composite

1,617.99

-23.02

-1.40

Nikkei 225

8,680.57

0.75

0.01

Straits Times

2,989.26

-6.64

-0.22

KOSPI Composite

1,881.24

7.21

0.38

Taiwan Weighted

7,326.72

-40.72

-0.55

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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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