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Asian markets end mostly higher on Wednesday

23 Dec 2020 Evaluate

Asian markets finished mostly higher on Wednesday following approval of US stimulus package by US Congress. Meanwhile, US President Donald Trump threatened on Tuesday not to sign an $892 billion corona virus relief bill, saying he wants Congress to increase the amount in the stimulus checks for individuals to $2,000 from $600, or he may veto the legislation. Market sentiments improved further as concerns over a new Covid-19 strain eased, and WHO said the new Covid-19 variant found in UK is not out of control and it can be prevented via existing measures. Chinese shares ended higher after Covid-19 vaccine candidate developed by the Chinese Academy of Sciences was found to be safe and triggered immune responses in early and mid-stage trials.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,382.32
25.54
0.76

Hang Seng

26,343.10
223.85
0.86

Jakarta Composite

6,008.71
-14.58
-0.24

KLSE Composite

1,647.50

15.58

0.95

Nikkei 225

26,524.79
88.40
0.33

Straits Times

2,833.40
6.08
0.22

KOSPI Composite

2,759.82
26.14
0.96

Taiwan Weighted

14,223.09
45.63
0.32

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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