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Asian markets end mostly higher on Wednesday

10 Feb 2021 Evaluate

Asian markets ended mostly higher on Wednesday, despite overnight lackluster close on Wall Street. Global investors kept an eye on stimulus negotiations and impeachment proceedings. Optimism over more US fiscal stimulus and declining Covid-19 infections rates too supported market sentiments. Meanwhile, cautious investors are stayed away from making big bets ahead of the Lunar New Year holidays in China, which begins on Thursday. The latest Chinese inflation and bank lending data underscored a recovery in the world's second-largest economy. Japanese shares closed higher amid robust corporate earnings.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,655.09
51.60
1.43

Hang Seng

30,038.72
562.53
1.91

Jakarta Composite

6,201.83
20.16
0.33

KLSE Composite

1,596.85

10.72

0.68

Nikkei 225

29,562.93
57.00
0.19

Straits Times

2,925.84
-9.43
-0.32

KOSPI Composite

3,100.58
15.91
0.52

Taiwan Weighted

-
-
-

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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