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Asian markets settle mostly higher on Tuesday

21 Dec 2021 Evaluate

Asian markets settled mostly higher on Tuesday after falling heavily in the previous session on concerns that the new coronavirus strain Omicron could derail the global economic recovery. Chinese and Hong Kong shares rose as real estate shares extended their rebound as investors cheered efforts by policymakers to prevent a contagion from financial woes at China Evergrande Group and several other heavily indebted developers. Seoul shares gained with bargain hunting after the key index's recent drop over Omicron tensions. Japanese shares rebounded by strong gains in tech heavyweights.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,625.13
31.53
0.88

Hang Seng

22,971.33
226.47
1.00

Jakarta Composite

6,554.31
7.20
0.11

KLSE Composite

1,492.59
-1.31-0.09

Nikkei 225

28,517.59
579.78
2.08

Straits Times

3,085.08
12.11
0.39

KOSPI Composite

2,975.03
12.03
0.41

Taiwan Weighted

17,789.27
120.16
0.68


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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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