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Asian markets end mixed on Tuesday

11 Jan 2022 Evaluate

Asian markets ended mixed on Tuesday on concerns over earlier-than-expected US interest rate hike. Investors are now looking ahead to retail inflation data for December due on Wednesday as well as US Federal Reserve Chairman Jerome Powell’s Senate Banking Committee hearing later in the day for fresh clues on the timing and pace of policy normalization. Japanese shares declined sharply tracking Wall Street's weakness in overnight amid caution about the US Federal Reserve's possible rate increase as soon as March. Chinese shares finished lower with an uptick in Covid-19 cases in the country. Meanwhile, Seoul shares finished flat ahead of this week's Bank of Korea's monetary policy decision for directional cues, while data showed South Korean exports jumped an annual 24.4% in January 1-10 period followed by strong demand in semiconductors petrochemical goods and cars.

Asian Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,567.44
-26.08
-0.73

Hang Seng

23,739.06
-7.48
-0.03

Jakarta Composite

6,647.97
-43.15
-0.64

KLSE Composite

1,564.2914.120.91

Nikkei 225

28,222.48
-256.08
-0.90

Straits Times

3,247.07
20.02
0.62

KOSPI Composite

2,927.38
0.66
0.02

Taiwan Weighted

18,288.21
48.83
0.27




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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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