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Asian markets end mostly higher on Wednesday

25 Aug 2021 Evaluate

Asian markets ended mostly higher on Wednesday tracking record closing for US stocks overnight, while safe-haven US dollar hovered near its one-week lows versus major peers ahead of the US Federal Reserve’s Jackson Hole Economic symposium later in the week. Chinese shares ended higher after China’s central bank PBoC increased its short-term fund injection through open market operations (OMOs) to meet higher cash demand towards the month-end. However, Japanese shares ended marginally lower, driven by concerns about the worsening wave of new Covid-19 infections. The Japanese government decided to expand a state of emergency to eight more prefectures, taking the total to 21 in all, as the country sees sudden spike in critical cases.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,540.38
25.91
0.74

Hang Seng

25,693.95
-33.97
-0.13

Jakarta Composite

6,113.24
23.74
0.39

KLSE Composite

1,569.80

16.43

1.06

Nikkei 225

27,724.80
-7.30
-0.03

Straits Times

3,107.49
-0.13

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KOSPI Composite

3,146.81
8.51
0.27

Taiwan Weighted

17,045.86
227.13
1.35


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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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