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Asian markets end mostly higher on Tuesday

07 Apr 2020 Evaluate

Asian markets ended mostly higher on Tuesday following Wall Street’s overnight gains after the reported death tolls in some of the world's corona virus hot spots showed signs of easing over the weekend. Expectations of more central bank and government stimulus to counter the economic fallout from the pandemic too supported investors' sentiment. Chinese shares ended higher as the country reported zero new corona virus deaths for the first time since January. Further, Japanese shares ended sharply higher after reports suggesting that the Cabinet will approve a corona virus stimulus package totaling 108 trillion yen, or equal to 20% of Japan's GDP, while investors awaited the government's decision to declare a state of emergency.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,820.76
56.77
2.05

Hang Seng

24,253.29
504.17
2.12

Jakarta Composite

4,778.64
-33.19
-0.69

KLSE Composite

1,369.92

28.23

2.10

Nikkei 225

18,950.18
373.88
2.01

Straits Times

2,571.89
101.30
4.10

KOSPI Composite

1,823.60
31.72
1.77

Taiwan Weighted

9,996.39
177.65
1.81
 

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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