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Asian markets settle on mixed on Tuesday

04 May 2021 Evaluate

Asian markets settled mixed on Tuesday due to lingering concerns about surging Corona-virus cases in the region, while major markets such as China and Japan were closed for Labor Day and Greenery Day, respectively. Hong Kong ended higher, tracked by rising oil prices as easing corona-virus curbs in the United States and Europe raised demand growth expectations, while reports showing that Hong Kong's economy surged by 7.8 percent year on year in the first three months of 2021 too supported market sentiment. South Korean shares ended up after regaining early losses over stock short-selling resumption worries.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

-

-

-

Hang Seng

28,557.14
199.60
0.70

Jakarta Composite

5,963.82
11.22
0.19

KLSE Composite

1,588.25

-2.48

-0.16

Nikkei 225

-

-

-

Straits Times

3,179.13
-5.63
-0.18

KOSPI Composite

3,147.37
20.17
0.64

Taiwan Weighted

16,933.78
-288.57
-1.68


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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