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Asian markets close mostly higher on Tuesday

13 Oct 2020 Evaluate

Asian markets closed mostly higher on Tuesday, tracked by Wall Street's overnight gains on the back of a renewed tech rally and expectations of a corona virus relief package. Though, hopes for a vaccine for the corona virus were shaken after Johnson & Johnson said the Company had temporarily paused further dosing in all its Covid-19 vaccine candidate clinical trials including the Phase 3 ENSEMBLE trial due to an unexplained illness in a study participant. Chinese shares ended higher after China reported its exports jumped nearly 10% in dollar terms in September as its economy recovered from the pandemic. Japanese shares ended higher after reports that Japanese Prime Minister Yoshihide Suga will order his government to compile extra economic stimulus measures as early as in November. Trading in Hong Kong was suspended due to Typhoon Nangka.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,359.75
1.28
0.04

Hang Seng

-

-

-

Jakarta Composite

5,132.57
39.47
0.77

KLSE Composite

1,525.20

6.77

0.45

Nikkei 225

23,601.78
43.09
0.18

Straits Times

2,567.65
15.23
0.60

KOSPI Composite

2,403.15
-0.58
-0.02

Taiwan Weighted

12,947.13
-8.78
-0.07

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.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: