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Asian markets end mostly higher on Wednesday

13 Oct 2021 Evaluate

Asian markets ended mostly higher on Wednesday after data showed Chinese exports hitting a record high in September despite power crunch that has disrupted supply. Meanwhile, investors are cautiously waiting for US consumer price data due later in the day for clues on the US central bank’s interest-rate tapering outlook. Chinese shares gained on positive exports data, but property developer Evergrande group’s debt woes and domestic power crunch continued to pressure market sentiment. Trading in Hong Kong’s stock market was suspended as a typhoon passed south of the city. However, Japanese shares declined on data showing Japan’s core machinery orders dropped unexpectedly in August.  

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,561.76
14.82
0.42

Hang Seng

-

-

-

Jakarta Composite

6,536.90
50.63
0.78

KLSE Composite

1,600.38

16.47

1.04

Nikkei 225

28,140.28
-90.33
-0.32

Straits Times

3,156.42
44.37
1.43

KOSPI Composite

2,944.41
28.03
0.96

Taiwan Weighted

16,347.99
-114.85
-0.70


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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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