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Asian markets finish mostly lower on Friday

05 Mar 2021 Evaluate

Asian markets ended mostly lower on Friday, tracking weak global markets with anxiety over spiked treasury yields in reaction to the latest comments from US Federal Reserve Chair Jerome Powell that he expects some inflationary pressures in the time ahead. Japanese shares ended lower as the Japan government extended the corona-virus related state of emergency by two weeks for the Tokyo region to prevent a fresh wave of infections. Chinese shares settled marginally lower as the country set a conservative economic growth target of above 6 percent for 2021, well below a widely accepted forecast of over 8 percent for the year.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,501.99
-1.50
-0.04

Hang Seng

29,098.29
-138.50
-0.47

Jakarta Composite

6,258.75
-32.05
-0.51

KLSE Composite

1,600.12

18.86

1.19

Nikkei 225

28,864.32
-65.79
-0.23

Straits Times

3,013.85
-0.93
-0.03

KOSPI Composite

3,026.26  
-17.23
-0.57

Taiwan Weighted

15,855.23
-51.18
-0.32

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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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