Asian markets ended mostly lower on Tuesday as investors assessed the impacts of the latest Covid-19 resurgence in China as well as a looming conflict between Beijing and Washington over the former's support for Russia's invasion of Ukraine. Meanwhile, anxiety over the war in Ukraine and the outlook for higher interest rates also kept investors on edge ahead of this week's Federal Reserve meeting. China's Shanghai Composite index fell on concerns about surging Covid-19 cases and the country's ties with Russia. Investors ignored data showing that China's retail sales and industrial production grew more than expected in January to February period. According to the National Bureau of Statistics, retail sales advanced 6.7 percent on a yearly basis, bigger than the street forecast of 3.0 percent. Nonetheless, the pace of growth slowed from 12.5 percent expansion seen in December.
| Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,063.97 | -159.56 | -4.95 |
| Hang Seng | 18,415.08 | -1,116.58 | -5.72 |
| Jakarta Composite | 6,918.18 | -34.02 | -0.49 |
| KLSE Composite | 1,557.41 | -10.03 | -0.64 |
| Nikkei 225 | 25,346.48 | 38.63 | 0.15 |
| Straits Times | 3,236.04 | 4.01 | 0.12 |
| KOSPI Composite | 2,621.53 | -24.12 | -0.91 |
| Taiwan Weighted | 16,926.06 | -336.98 | -1.95 |
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: