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Asian markets end mixed on Wednesday

21 Oct 2020 Evaluate

Asian markets ended mixed on Wednesday on optimism that US lawmakers could reach an agreement on a stimulus package before US election day. The market sentiments improved on reports that Moderna's CEO Stephane Bancel expects interim results from the firm's Covid-19 vaccine trial in November and that the US government could give an emergency use nod in December. Further, AstraZeneca Plc's Covid-19 vaccine trial in the United States is expected to resume as early as this week. Chinese shares ended marginally lower despite growing optimism about China’s economic recovery from virus outbreak, while the Chinese yuan surged to its strongest level against the dollar in more than two years.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,325.02

-3.08

-0.09

Hang Seng

24,754.42

184.88

0.75

Jakarta Composite

5,096.45

-3.39

-0.07

KLSE Composite

1,492.40

-18.57

-1.23

Nikkei 225

23,639.46

72.42

0.31

Straits Times

2,525.61

-3.03

-0.12

KOSPI Composite

2,370.86

12.45

0.53

Taiwan Weighted

12,877.25

14.88

0.12

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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