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Asian markets settle mostly lower on Tuesday

28 Sep 2021 Evaluate

Asian markets settled mostly lower on Tuesday, tracking lacklustre trading on Wall Street overnight. Further, concerns over potential impact of a widening power shortage in China, surging corona-virus cases and a rise in US treasury yields also kept the market sentiments bearish. While, global investors look ahead to speeches from several US Fed officials this week for cues on the central bank’s plan on hiking interest rates. Japanese shares ended slightly lower, despite expectations for a steady economic growth momentum under a new political leadership in the run-up to a ruling party election. However, Chinese markets gained after the Chinese central bank PBoC pledged to ensure a ‘healthy property market’ and protect homebuyers amid the China Evergrande Group debt crisis.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,602.22
19.39
0.54

Hang Seng

24,500.39
291.61
1.20

Jakarta Composite

6,113.11
-9.39
-0.15

KLSE Composite

1,546.8213.770.90

Nikkei 225

30,183.96
-56.10
-0.19

Straits Times

3,077.69
-22.61
-0.73

KOSPI Composite

3,097.92
-35.72
-1.14

Taiwan Weighted

17,181.44
-132.33
-0.76


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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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