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Asian markets end mixed on Tuesday

08 Dec 2020 Evaluate

Asian markets ended mixed on Tuesday on concerns over resurgence of corona virus cases around the globe. Chinese shares ended lower on persistent worries over Sino-US tensions following reports that the United States imposed financial sanctions and travel bans on 14 high-level Chinese officials over the continuing crackdown on the opposition in Hong Kong. Meanwhile, investors are remained cautious over Brexit talks as well as US stimulus negotiations. Further, Japanese shares declined despite the announcement of a stimulus package of more than $700 billion aiming to shore up its economy threatened by surge in corona virus cases. While, Japan's economy in the July-September period grew an annualised 22.9% from the previous quarter, better than the initial estimate of a 21.4% expansion, revised data from the Cabinet Office showed.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,410.18
-6.42
-0.19

Hang Seng

26,304.56
-202.29
-0.76

Jakarta Composite

5,944.41
13.65
0.23

KLSE Composite

1,631.708.810.54

Nikkei 225

26,467.08
-80.36
-0.30

Straits Times

2,825.63
0.12
--

KOSPI Composite

2,700.93
-44.51
-1.62

Taiwan Weighted

14,360.40
103.80
0.73

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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