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Asian markets end mostly lower on Tuesday

12 Apr 2022 Evaluate

Asian markets ended mostly lower on Tuesday, tracking negative cues from Wall Street overnight as investors grew increasingly concerned about soaring Treasury bond yields and tightening monetary policy by the US central bank to counter inflation. Meanwhile, investors are awaiting crucial US inflation data and the ECB policy meeting. Concerns over Russia-Ukraine war and a surge in Covid-19 cases across different Chinese cities also weighed on market sentiments. Japanese shares settled lower, with index heavyweight technology stocks leading declines on worries about stretched valuations. However, Chinese shares ended sharply higher after the country's securities watchdog wants listed companies to repurchase their own shares and their major shareholders to support stock prices amid efforts by Beijing to stabilize China's sluggish stock markets.

Asian Indices                      

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,213.33
46.20
1.46          

Hang Seng

21,319.13
110.83
0.52                                 

Jakarta Composite

7,214.78
10.99
0.15                 

KLSE Composite

1,597.13-7.48-0.47

Nikkei 225

26,334.98
-486.54
-1.81            

Straits Times

3,330.25
-33.31
-0.99                                   

KOSPI Composite

2,666.76
-26.34
-0.98               

Taiwan Weighted

16,990.91
-57.46
-0.34         


About MoneyWorks4Me

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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