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Asian markets end mostly higher on Thursday

02 Apr 2020 Evaluate

Asian markets ended mostly higher on Thursday as oil surged after China unveiled its plans to start buying up cheap crude for its strategic reserves, adding to tentative signs of growing risk appetite across financial markets that’s propelling prices higher. China logged fewer new infections but measures restricting movement across the country have tightened in some places due to fear of imported cases. China had 35 new cases of the disease on April 1, all of which were imported, according to the National Health Commission. Though, Japanese shares extended their losses after Private reports warned that Japan was on the brink of a medical crisis as cases rose around the nation, especially in Tokyo.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,780.64
46.12
1.69

Hang Seng

23,280.06
194.27
0.84

Jakarta Composite

4,531.69
65.65
1.47

KLSE Composite

1,330.90

8.24

0.62

Nikkei 225

17,818.72
-246.69
-1.37

Straits Times

2,453.03
12.76
0.52

KOSPI Composite

1,724.86
39.40
2.34

Taiwan Weighted

-

-

-

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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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