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Asian markets end higher on Tuesday

11 Feb 2020 Evaluate

Asian markets ended higher on Tuesday amid bets that Chinese policy makers will likely roll out more measures to support the economy and minimize the fallout from the corona virus outbreak. China's central bank should consider lowering its benchmark deposit rate to enable banks to reduce lending rates and help small businesses weather the economic fallout from the fast-spreading corona virus, a central bank advisor said. Since the outbreak began in Wuhan late last year, it has infected over 42,000 and killed over 1,000 worldwide, the overwhelming majority of which in China. Meanwhile, markets in Japan were closed in observance of National Day.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,901.67
11.18
0.39

Hang Seng

27,583.88
342.54
1.26

Jakarta Composite

5,954.40
2.32
0.04

KLSE Composite

1,549.95

7.15

0.46

Nikkei 225

-

-

-

Straits Times

3,175.57
12.42
0.39

KOSPI Composite

2,223.12
22.05
1.00

Taiwan Weighted

11,664.04
89.97
0.78

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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