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Asian markets end mostly lower on Tuesday

20 Oct 2020 Evaluate

Asian markets ended mostly lower on Tuesday ahead of the deadline for a new fiscal stimulus agreement from Washington. Reports showing that US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin ‘continued to narrow their differences’ on the corona virus relief package. Japanese shares ended lower as surging corona virus cases in Europe raised investors' concerns. Though, Chinese shares ended higher as the central bank (PBOC) left its benchmark lending rates unchanged for the sixth consecutive month, as widely expected. The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime rate was maintained at 4.65 percent.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,328.10
15.43
0.47

Hang Seng

24,569.54
27.28
0.11

Jakarta Composite

5,099.84
-26.49
-0.52

KLSE Composite

1,510.97

-7.14

-0.47

Nikkei 225

23,567.04
-104.09
-0.44

Straits Times

2,528.64
-14.93
-0.59

KOSPI Composite

2,358.41
11.67
0.50

Taiwan Weighted

12,862.37
-45.97
-0.36

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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