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Asian markets end mostly higher on Wednesday

01 Sep 2021 Evaluate

Asian markets ended mostly higher on Wednesday despite concerns over resurgence in corona-virus cases in the Asian region. Chinese shares settled higher as weak factory activity data raised hopes for more policy support. The manufacturing sector in China declined into contraction in August, the latest survey from Caixin revealed with a manufacturing PMI score of 49.2, down from 50.3 in July. Japanese shares gained amid bets Japanese Prime Minister Yoshihide Suga's manoeuvring might help to diminish potential concerns about the country's political stability. Private report said that Suga intended to dissolve the lower house of parliament in mid-September and was considering holding the general election on October 17. Although, Suga said he had no plans to dissolve the country's lower house because of the severity of the Covid-19 situation.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,567.10
23.16
0.65

Hang Seng

26,028.29
149.30
0.58

Jakarta Composite

6,090.93
-59.37
-0.97

KLSE Composite

1,586.89

-14.49

-0.90

Nikkei 225

28,451.02
361.48
1.29

Straits Times

3,087.84
32.79
1.07

KOSPI Composite

3,207.02
7.75
0.24

Taiwan Weighted

17,473.99
-16.30
-0.09


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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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