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Asian markets end mostly lower ahead of Fed's policy announcement

02 Nov 2021 Evaluate

Asian markets ended mostly lower on Tuesday as investors awaited US Fed's policy announcement due on Wednesday that could reveal more about its plans to taper stimulus measures and hike interest rates. Japanese shares closed lower on profit taking after a strong rally following Japanese Prime Minister Fumio Kishida's election victory. Chinese shares declined sharply on growing concerns about the country's economic outlook after China-based property developer Yango Group offered to exchange some US dollar bonds for new notes personally guaranteed by its chairman to avoid defaulting on upcoming debt payments. However, Seoul shares gained after the government’s plan to seek inclusion into MSCI’s developed markets index.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,505.63
-38.85
-1.10

Hang Seng

25,099.67
-54.65
-0.22

Jakarta Composite

6,493.28
-59.61
-0.91

KLSE Composite

1,537.636.710.44

Nikkei 225

29,520.90
-126.18
-0.43

Straits Times

3,232.37
13.32
0.41

KOSPI Composite

3,013.49
34.55
1.16

Taiwan Weighted

17,065.97
-2.27
-0.01


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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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