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Asian markets settle mostly higher on Tuesday

31 Aug 2021 Evaluate

Asian markets settled mostly higher on Tuesday as investors took the US Fed chief Jerome Powell's speech at Jackson Hole Symposium as a sign the Fed will keep supporting the market with low interest rates. Although, concerns over surging corona-virus cases in the Asian region and continuing regulatory clampdown in China pressurizing market sentiments. Chinese gaming stocks listed in the US came under pressure after regulators in Beijing introduced new rules that limit the number of hours kids can play online video games. Official data showed that activity in China’s services sector slipped into contraction in August. Japanese shares gained after reports that Japanese Prime Minister Yoshihide Suga is considering replacing the ruling party's powerful secretary-general, Toshihiro Nikai, as the Japanese leader struggles with low approval ratings amid surging coronavirus infections.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,543.94
15.79
0.45

Hang Seng

25,878.99
339.45
1.33

Jakarta Composite

6,150.30
5.40
0.09

KLSE Composite

Nikkei 225

28,089.54
300.25
1.08

Straits Times

3,055.05
-47.06
-1.52

KOSPI Composite

3,199.27
55.08
1.75

Taiwan Weighted

17,490.29
93.77
0.54


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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