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Asian market end mostly lower on Wednesday

06 Jan 2021 Evaluate

Asian markets ended mostly lower on Wednesday amid lingering Sino-US tensions. US President Donald Trump's administration has signed an executive order banning transactions with eight Chinese owned apps, saying they considered to be a threat to US national security. Further, Democratic candidate Raphael Warnock won Georgia’s Senate runoffs on Wednesday. The general thinking is that a US Democratic sweep could make it easier for President-elect Joe Biden to higher corporate tax rates, tougher regulation on businesses and other potentially profit-crimping changes from Washington; while it would also be easier for Biden to pass big fiscal spending. Japanese shares declined with investors concerned over the economic impact from the month-long state of emergency planned by the government to fight a surge in corona virus cases. Though, Chinese shares ended higher after a private sector survey showed China's services sector activity continued to expand in December, albeit at a slower pace.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,550.88
22.20
0.63

Hang Seng

27,692.30

42.44

0.15

Jakarta Composite

6,065.68
-71.66
-1.17

KLSE Composite

1,591.97

-16.38

-1.02

Nikkei 225

27,055.94
-102.69
-0.38

Straits Times

2,863.01
3.33
0.12

KOSPI Composite

2,968.21
-22.36
-0.75

Taiwan Weighted

14,983.13
-16.90
-0.11

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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