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Asian markets end mostly higher on Wednesday

26 May 2021 Evaluate

Asian markets ended mostly higher on Wednesday as optimism around a swift economic recovery from the Covid-19 pandemic supported the market sentiments. Moreover, easing worries about inflation after US Federal Reserve officials reaffirmed a dovish monetary policy stance also boosting sentiment. Chinese shares ended higher, followed with strong yuan as the Chinese central bank signalled that authorities are comfortable with a recent rally by setting a strong daily reference rate. Moreover, Japanese shares settled up with expectations of progress in mass inoculations against the corona-virus in Japan. Meanwhile, markets in Malaysia, Singapore and Indonesia were closed for Vesak Day.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,593.36
12.02
0.34

Hang Seng

29,166.01
255.15
0.88

Jakarta Composite

-

-

-

KLSE Composite

-

-

-

Nikkei 225

28,642.19
88.21
0.31

Straits Times

-

-

-

KOSPI Composite

3,168.43
-2.89
-0.09

Taiwan Weighted

16,643.69
48.02

0.29


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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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