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Asian markets end mostly lower on Tuesday

22 Sep 2020 Evaluate

Asian markets ended mostly lower on Tuesday tracking Wall Street’s overnight losses amid possible delays in fresh US stimulus with allegations of illegal accounts and funds transfers by several global banks over nearly two decades. Further, concerns of possible lockdown in Europe due to fears that second wave of corona virus infections would lead to tougher travel restrictions, too weighed investors' sentiment. Escalating Sino-US tensions too added pressure on the market. Chinese shares ended down, despite China’s cabinet unveiling steps to spur new forms of consumption, including online shopping and payments, in a bid to support the recovery of the economy. Meanwhile, the Japanese market was closed for a holiday.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,274.30-42.64-1.29

Hang Seng

23,716.85-233.84-0.98

Jakarta Composite

4,934.09-65.27-1.31

KLSE Composite

1,505.786.350.42

Nikkei 225

-

-

-

Straits Times

2,463.29-22.42-0.90

KOSPI Composite

2,332.59-56.80-2.38

Taiwan Weighted

12,645.51-149.61-1.17

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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