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Asian markets end mostly higher on Wednesday

22 Jan 2020 Evaluate

Asian markets ended mostly higher on Wednesday as earlier concerns about the coronavirus outbreak in China abated. The World Health Organization (WHO) is expected to declare a Public Health Emergency of International Concern in response to the coronavirus outbreak which appears to have originated in eastern China, and spread to more Chinese cities including Beijing and Shanghai. Seoul shares ended higher after data showed South Korea's government spending surge helped the economy post its fastest quarterly growth in more than two years. Though, Malaysian shares ended lower after government report showed that the country's consumer price inflation rose 1% year-on-year in December, following a 0.9% increase in November.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,060.75
8.61
0.28

Hang Seng

28,341.04
355.71
1.27

Jakarta Composite

6,233.45
-4.70
-0.08

KLSE Composite

1,577.98

-9.35

-0.59

Nikkei 225

24,031.35
166.79
0.70

Straits Times

3,253.93
6.76
0.21

KOSPI Composite

2,267.25
27.56
1.23

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.

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