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Asian markets settle mostly higher on Thursday

03 Feb 2022 Evaluate

Asian markets settled mostly higher on Thursday, despite sell-off in technology stocks after shares of Facebook’s parent company Meta dipped more than 20 percent in after-hours trading yesterday after the company reported lower-than-expected earnings in its latest quarterly report. On the data front, investors are awaiting the US Labour Department's January nonfarm payroll report, due out Friday, for direction after the ADP jobs data surprised to the downside. Seoul shares gained as markets reopened from holidays and data showed the South Korea's factory activity grew at the sharpest pace since July last year. However, Japanese shares snapped a four-day rally following weaker Nasdaq futures. Meanwhile, Chinese, Taiwan and Hong Kong markets were closed for the Lunar New Year holiday.

Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

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Hang Seng

--
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Jakarta Composite

6,683.85
-23.80
-0.35

KLSE Composite

1525.7313.460.89

Nikkei 225

27,241.31
-292.29
-1.06

Straits Times

3,315.99
66.40
2.04

KOSPI Composite

2,707.82
44.48
1.67

Taiwan Weighted

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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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