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Asian markets end higher on Tuesday

28 Dec 2021 Evaluate

Asian markets ended higher on Tuesday tracking overnight gains in Wall Street following strong retail sales data. Chinese shares settled higher as Chinese authorities unveiled sweeping regulations governing overseas share sales by the country's firms, taking one of its biggest steps to tighten scrutiny on international debuts in the wake of Didi Global Inc.’s controversial listing. The Chinese central bank PBoC injected 200 billion yuan ($31.39 billion) through seven-day reverse repos into the banking system. Japanese shares advanced by data for Japan's factory output in November, which surged 7.2% against forecast for a rise of 4.8%. Moreover, Seoul shares gained as investors bought shares before the ex-dividend date. However, investors were concerned about the rapidly spreading omicron Covid-19 variant and its possible impact on the global economy.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,630.11
14.14
0.39

Hang Seng

23,280.56
56.80
0.24

Jakarta Composite

6,598.34
22.90
0.35

KLSE Composite

1,500.32
7.730.52

Nikkei 225

29,069.16
392.70
1.37

Straits Times

3,128.41
24.17
0.78

KOSPI Composite

3,020.24
20.69
0.69

Taiwan Weighted

18,196.81
147.87
0.82



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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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