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Asian markets end mostly higher on Friday

03 Sep 2021 Evaluate

Asian markets ended mostly higher on Friday, tracking modest gains on Wall Street overnight as jobless claims and trade balance figures showed that the US economic recovery remains on track. Meanwhile, global investors are waiting for the latest US jobs report, due later in the day for clues about the Fed's timelines for asset tapering and interest rate hikes. Japanese shares gained after reports that Japanese Prime Minister Yoshihide Suga will step down as prime minister later this month after failing to control the Covid-19 outbreak, setting the stage for his replacement after just one year in office. However, Hong Kong shares ended lower amid profit booking despite data showing that the private sector in Hong Kong expanded at a faster pace in August, the latest survey from Markit Economics showed with a PMI score of 53.3, up from 51.3 in July. Chinese shares declined due to concerns about slowdown in the world’s second-largest economy, although brokerage shares outperformed after China announced plans to set up its third mainland stock exchange in its capital, Beijing, to serve small-and medium-sized enterprises.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,581.73
-15.31
-0.43

Hang Seng

25,901.99
-188.44
-0.72

Jakarta Composite

6,126.92
48.69
0.80

KLSE Composite

1,589.19

7.00

0.44

Nikkei 225

29,128.11
584.60
2.05

Straits Times

3,083.85
-4.99
-0.16

KOSPI Composite

3,201.06
25.21
0.79

Taiwan Weighted

17,516.92
197.16
1.14


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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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