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Asian markets end mostly higher on Wednesday

23 Jun 2021 Evaluate

Asian markets ended mostly higher on Wednesday tracking overnight gains in Wall Street after US Fed Chair Jerome Powell reiterated that inflation pressures will be temporary and stressed that the US Fed will do everything to support the economy for as long as it takes to complete the recovery. Chinese shares ended higher with healthcare companies after China's National Medical Products Administration (NMPA) said it has approved the first CAR-T cell therapy in the Country. Japanese shares finished higher despite a survey showed the manufacturing sector in the country expanded at a slower pace in June, while services continued to shrink amid measures to contain the coronavirus.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,566.22
8.81
0.25

Hang Seng

28,817.07
507.31
1.79

Jakarta Composite

6,034.54
-53.30
-0.88

KLSE Composite

1,564.76

-9.26

-0.59

Nikkei 225

28,874.89
-9.24
-0.03

Straits Times

3,118.62
9.42
0.30

KOSPI Composite

3,276.19
12.31
0.38

Taiwan Weighted

17,336.71
261.16
1.53


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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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