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Asian markets end mostly lower on Wednesday

02 Mar 2022 Evaluate

Asian markets ended mostly lower on Wednesday as nervous investors shifted money into bonds amid renewed concerns about Russia's escalating war on Ukraine. It is feared that the Ukraine tensions may push up the commodity prices and peg the global economic recovery. Meanwhile, in his first State of the Union address, U.S. president Joe Biden said that Russian president Vladimir Putin badly miscalculated with his invasion of Ukraine. Japanese shares ended lower, with electrical machinery and transport stocks leading losses amid increasing risks of a global recession.

Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,484.19

-4.64

-0.13

Hang Seng

22,343.92

-417.79

-1.84

Jakarta Composite

6,868.40

-53.04

-0.77

KLSE Composite

1,598.10

1.66

0.10

Nikkei 225

26,393.03

-451.69

-1.68

Straits Times

3,244.40

-34.23

-1.04

KOSPI Composite

2,703.52

4.34

0.16

Taiwan Weighted

17,867.60

-30.65

-0.17


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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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