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Asian markets settle mostly higher on Thursday

10 Feb 2022 Evaluate

Asian markets settled mostly higher on Thursday as investors awaited the release of US consumer price data later in the day, which could provide further clues about how the US Federal Reserve will set monetary policy at its March 15-6 policy meeting. Market sentiments improved further by tracking overnight gains in Wall Street amid expectations that fears about a more aggressive hawkish cycle are a bit overdone. Japanese shares gained with technology shares, while upbeat earnings results from Honda Motors also supported sentiments. Moreover, Chinese shares rose after reports of state-backed funds intervening in the stock market.

Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,485.91
5.96
0.17

Hang Seng

24,924.35
94.36
0.38

Jakarta Composite

6,823.64
-10.97
-0.16

KLSE Composite

1,570.1018.591.20

Nikkei 225

27,696.08
116.21
0.42

Straits Times

3,428.00
7.96
0.23

KOSPI Composite

2,771.93
3.08
0.11

Taiwan Weighted

18,338.05
186.29
1.03

 


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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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