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Asian markets went home with smart gains

05 Dec 2012 Evaluate

Asian markets ended higher on Wednesday, led by gains in Chinese equities, on the back of new Communist Party chief Xi Jinping’s statement that the government aimed to stabilize exports and make policies more targeted and effective. However, concerns over whether US lawmakers can resolve a budget impasse before year-end to avert a possible economic slump, restricted more gains. Japan’s Nikkei went home with green mark in somewhat light trading, while Kospi ended up after touching its highest level since October 18.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,031.91

56.76

2.87

Hang Seng

22,270.91

470.94

2.16

Jakarta Composite

4,286.84

17.19

0.40

KLSE Composite

1,613.79

6.18

0.38

Nikkei 225

9,468.84

36.38

0.39

Straits Times

3,075.92

13.80

0.45

KOSPI Composite

1,947.04

11.86

0.61

Taiwan Weighted

7,649.05

48.07

0.63

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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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