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Asian markets end mostly higher on Thursday

11 Nov 2021 Evaluate

Asian markets ended mostly higher on Thursday despite weakness in Wall Street overnight after data showed US consumer prices grew at the fastest pace since 1990 that fuelled concerns about faster monetary policy tightening by the US Federal Reserve. Chinese shares gained as property shares rebounded after reports suggesting the government will take steps to ease the cash crunch for embattled developers. Market sentiments also improved after reports that China’s new bank lending in October exceeded market estimates. Japanese shares rose as investors shrugged off data showing that the country's wholesale inflation hit a four-decade high in October. Meanwhile, investors are eyeing stimulus package from newly elected Prime Minister Fumio Kishida.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,532.79
40.33
1.15

Hang Seng

25,247.99
251.85
1.01

Jakarta Composite

6,691.34
8.19
0.12

KLSE Composite

1,518.85

-1.89

-0.12

Nikkei 225

29,277.86
171.08
0.59

Straits Times

3,238.07
6.75
0.21

KOSPI Composite

2,924.92
-5.25
-0.18

Taiwan Weighted

17,452.52
-107.13
-0.61


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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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