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Asian markets settle mostly lower on Tuesday

29 Jun 2021 Evaluate

Asian markets settled mostly lower on Tuesday, even though the S&P 500 and Nasdaq Composite both closed at record highs overnight. Global surge in new Covid-19 Delta plus variants clouding the outlook for the global economic recovery and weakened investors' appetite for risk. Hong Kong shares declined on tracking losses in state-owned energy players like China National Offshore Oil Corp (CNOOC) and PetroChina. Japanese shares dropped amid news on another impending State of Emergency in Tokyo and other areas due to signs of resurgence in coronavirus infections.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,573.18
-33.19
-0.92

Hang Seng

28,994.10
-274.20
-0.94

Jakarta Composite

5,949.05
9.58
0.16

KLSE Composite

1,548.31

3.60

0.23

Nikkei 225

28,812.61
-235.41
-0.81

Straits Times

3,089.49
-37.39
-1.20

KOSPI Composite

3,286.68
-15.21
-0.46

Taiwan Weighted

17,598.19
7.22
0.04


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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