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Asian markets end mostly higher on Friday

31 Dec 2021 Evaluate

Asian markets ended mostly higher on Friday in thin trade ahead of the New Year, while markets in Japan, South Korea, Indonesia, and Taiwan closed for holidays. Market sentiments improved further even as US stocks finished slightly lower overnight. Investor concerns about the omicron variant of corona-virus have eased in recent weeks after reports said it appears to cause less severe symptoms. Economic data from United States showing shat the number of Americans applying for unemployment benefits fell below 200,000, more evidence that the job market remains strong in the aftermath of last year’s coronavirus recession. Hong Kong shares led gains among major Asia-Pacific markets, with Chinese technology stocks in Hong Kong soaring. Moreover, Chinese shares gained after Chinese companies listed in the US posted biggest one-day surge since 2008. China’s factory activity saw an acceleration in growth during December, with the official manufacturing Purchasing Managers’ Index (PMI) coming in at 50.3 in December, up from 50.1 in November, data from the National Bureau of Statistics showed.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,639.78
20.59
0.57

Hang Seng

23,397.67
285.66
1.24

Jakarta Composite

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KLSE Composite

1,567.53
23.921.55

Nikkei 225

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Straits Times

3,123.68
-2.96
-0.09

KOSPI Composite

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Taiwan Weighted

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About MoneyWorks4Me

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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