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Asian markets end mostly lower ahead of US Fed meeting

11 Jun 2021 Evaluate

Asian markets ended mostly lower on Friday ahead of the US Federal Reserve policy meeting next week. Meanwhile, global investors are betting that spiking inflation would be temporary and the US Federal Reserve will maintain its ultra-loose monetary policies for some time. Chinese shares declined after data showed the country's broader credit growth continued to slow in May as the central bank seeks to contain rising debt. Japanese shares settled lower with investors remaining cautious about the pace of domestic economic recovery as the country grapples with a fourth wave of the corona virus pandemic.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,589.75
-21.11
-0.58

Hang Seng

28,842.13
103.25
0.36

Jakarta Composite

6,095.50
-12.04
-0.20

KLSE Composite

1,575.16

-4.74

-0.30

Nikkei 225

28,948.73
-9.83
-0.03

Straits Times

3,157.97
-4.53
-0.14

KOSPI Composite

3,249.32
24.68
0.77

Taiwan Weighted

17,213.52
54.30
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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