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Asian markets end mostly higher on Wednesday

27 Jan 2021 Evaluate

Asian markets ended mostly higher on Wednesday, even as investors cautiously await the US Federal Reserve's monetary policy decision due later in the day. Market sentiments improved after International Monetary Fund, in its latest World Economic Outlook report, raised the global growth forecast for this year to 5.5 percent from 5.2 percent projected earlier and it sees major central banks holding their policy-rate settings through 2022. Japanese shares rose on investors' continued expectations for upbeat corporate earnings from major domestic firms. Chinese shares ended up slightly after official data showed the country's industrial profits increased notably at the end of 2020, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its corona virus slump.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,573.34
3.91
0.11

Hang Seng

29,297.53
-93.73
-0.32

Jakarta Composite

6,109.17
-31.00
-0.50

KLSE Composite

1,580.62

5.31

0.34

Nikkei 225

28,635.21
89.03
0.31

Straits Times

2,958.63
13.11
0.45

KOSPI Composite

3,122.56
-17.75
-0.57

Taiwan Weighted

15,701.45
42.60
0.27

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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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