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Asian markets end mostly higher on Wednesday

09 Dec 2020 Evaluate

Asian markets ended mostly higher on Wednesday as optimism about the first corona virus vaccine rollouts in the United Kingdom and fresh hopes for an additional stimulus deal in the United States outweighed concerns about surging corona virus cases and new lockdowns. US pharmaceutical giant Johnson & Johnson’s corona vaccine is currently undergoing final-stage clinical trials involving 60,000 participants at more than 200 locations in the US and other countries. Results are expected in late January. Japanese shares ended higher after data showed Japan's core machinery orders rebounded sharply in October from the previous month's drop. However, Chinese shares ended lower on growing concerns over Sino-US relations, while consumer prices declined for the first time in over a decade on falling food prices.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,371.96
-38.22
-1.12

Hang Seng

26,502.84
198.28
0.75

Jakarta Composite

-

-

-

KLSE Composite

1,646.53

14.83

0.91

Nikkei 225

26,817.94
350.86
1.33

Straits Times

2,843.07
17.44
0.62

KOSPI Composite

2,755.47
54.54
2.02

Taiwan Weighted

14,390.14
29.74
0.21

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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