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Asian markets end mostly higher on Thursday

24 Jun 2021 Evaluate

Asian markets ended mostly higher on Thursday, even after two Fed officials said a period of high inflation in the United States could last longer than anticipated. South Korean shares ended higher, led by chip related heavyweights that tracked a record finish on the Nasdaq overnight. Although, Chinese shares ended flat with losses in healthcare companies on concerns over a plunge in drug prices. The Biden administration on Wednesday ordered a ban on US imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over alleged human rights abuses. Japanese shares also settled flat on cautious sentiments due to uncertainty about domestic corporate earnings.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,566.65
0.43
0.01

Hang Seng

28,882.46
65.39
0.23

Jakarta Composite

6,012.06
-22.48
-0.37

KLSE Composite

1,555.71

-9.05

-0.58

Nikkei 225

28,875.23
0.34

--

Straits Times

3,119.62
1.00
0.03

KOSPI Composite

3,286.10
9.91
0.30

Taiwan Weighted

17,407.96
71.25
0.41


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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