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Asian markets settle mostly higher on Tuesday

13 Jul 2021 Evaluate

Asian markets settled mostly higher on Tuesday. Chinese shares ended higher after better-than-expected Chinese trade data. China’s customs data showed that Chinese exports rose 32.2% year-on-year, imports grew 36.7% year-on-year and the trade balance stood at $51.53 billion in June. Market sentiments improved further by tracking wall street gains overnight, while markets awaited the release of US inflation data for further clues about the global economic recovery. Investors also awaited cues from a slew of central bank decisions due this week. Japanese shares also gained on optimism over corporate earnings growth. However, lingering fears about the spread of the highly contagious corona-virus variants limited further gains in Asia.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,566.52
18.68
0.53

Hang Seng

27,963.41
448.17
1.63

Jakarta Composite

6,012.03
-66.54
-1.09

KLSE Composite

1,519.56

6.67

0.44

Nikkei 225

28,718.24
149.22
0.52

Straits Times

3,166.81
19.67
0.63

KOSPI Composite

3,271.38
24.91
0.77

Taiwan Weighted

17,847.52
33.19
0.19


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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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