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Asian markets end mostly higher on Wednesday

04 Nov 2020 Evaluate

Asian markets ended mostly higher on Wednesday as vote counting for the US presidential election progressed, while projections indicating a tight race between US President Donald Trump and Democratic challenger Joe Biden. Chinese shares ended higher after reports showed China's services-sector activity rose at a faster pace in October, signaling a further recovery of business activity from the Covid-19 related drops. The Caixin China services purchasing managers index rose to 56.8 in October from 54.8 in September. Further, minutes from the Japanese central bank’s monetary policy meeting on September 16 and 17 revealed that the central bank would take additional easing steps if it proves necessary.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,277.44
6.37
0.19

Hang Seng

24,886.14
-53.59
-0.21

Jakarta Composite

5,105.20
-54.25
-1.05

KLSE Composite

1,464.61

3.16

0.22

Nikkei 225

23,695.23
399.75

1.72

Straits Times

2,515.98
18.76
0.75

KOSPI Composite

2,357.32
14.01
0.60

Taiwan Weighted

12,867.90
131.89

1.04

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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