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Asian markets end mostly lower on Thursday

04 Mar 2021 Evaluate

Asian markets ended mostly lower on Thursday following worries about rising yields on benchmark US Treasury bonds, while investors also awaited US Federal Reserve Chairman Jerome Powell's speech at a Wall Street Journal conference later today where he may address concerns about the risk of a rapid rise in long-term borrowing costs. Chinese shares declined after China’s banking regulator also voiced concerns over high valuations in foreign markets. Further, Japanese shares settled lower amid increased uncertainty across equities and bond markets.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,503.49
-73.41
-2.05

Hang Seng

29,236.79
-643.63
-2.15

Jakarta Composite

6,290.80
-85.96
-1.35

KLSE Composite

1,581.26

-7.19

-0.45

Nikkei 225

28,930.11
-628.99
-2.13

Straits Times

3,014.78
14.41
0.48

KOSPI Composite

3,043.49
-39.50
-1.28

Taiwan Weighted

15,906.41
-305.32
-1.88

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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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