MoneyWorks4Me

Asian markets end mostly higher on Thursday

23 Sep 2021 Evaluate

Asian markets ended mostly higher on Thursday tracking Wall Street gains overnight after the much-anticipated policy announcements by the US Federal Reserve. US Fed Chair Jerome Powell hinted that tapering could occur as soon as in November or end in mid-2022 amid continued progress towards it goals of maximum employment and price stability. Chinese shares ended higher after China’s central bank PBoC pumped in 110 billion yuan ($17 billion) of cash with seven- and 14-day reverse repurchase agreements in a show of support for the country’s financial markets and the economy. Hong Kong shares gained after China Evergrande group surged 17.62% as it reached settlement with mainland bond investors. Meanwhile, Japanese markets were closed for local holiday.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,642.22
13.73
0.38

Hang Seng

24,510.98
289.44
1.19

Jakarta Composite

6,142.71
34.44
0.56

KLSE Composite

1,539.34

10.32

0.67

Nikkei 225

--

--

--

Straits Times

3,076.44
28.39
0.93

KOSPI Composite

3,127.58
-12.93
-0.41

Taiwan Weighted

17,078.22
152.40
0.90


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