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Asian markets end mostly lower on Tuesday

15 Dec 2020 Evaluate

Asian markets ended mostly lower on Tuesday tracking mixed cues from Wall Street as optimism about Covid-19 vaccines was offset by concerns about the impact of new lockdown measures due to the spiking corona virus infections in the United States. New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio both warned that a full shutdown is possible in the coming weeks. Japanese shares declined after its Prime Minister Yoshihide Suga announced that the ‘GoTo Travel’ domestic tourism campaign would be suspended nationwide from December 28 to January 11. Chinese shares ended marginally lower, despite slew of positive economic data. The data showed that Industrial production in China grew 7% year-on-year in November, in line with forecasts and up from 6.9 percent in October. Retail sales in China rose 5% in November as compared with a year ago, missing expectations for an increase of 5.2% but still up from 4.3% in the previous month. Meanwhile, Fixed asset investment gained 2.6% on year, in line with expectations and up from 1.8% a month earlier.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,367.23
-1.89
-0.06

Hang Seng

26,207.29
-182.23
-0.69

Jakarta Composite

6,010.13
-2.39
-0.04

KLSE Composite

1,674.02

11.28

0.68

Nikkei 225

26,687.84
-44.60
-0.17

Straits Times

2,856.72
-1.42
-0.05

KOSPI Composite

2,756.82
-5.38
-0.19

Taiwan Weighted

14,068.52
-142.53
-1.00

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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