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Asian markets end mostly higher on Wednesday

13 Apr 2022 Evaluate

Asian markets ended mostly higher on Wednesday after core US inflation data came in lower than expected and as the world's second largest economy China lifted some of its virus restrictions in Shanghai. Meanwhile, investors will be focusing on a slew of policy decisions from the European Central Bank, Monetary Authority of Singapore and Bank of Korea on Thursday. Japanese shares gained as investors shrugged off data showing Japan's core machinery orders fell for a second month in February. However, Chinese shares declined despite the release of strong exports data. Data showed that China's exports rose an annual 15.7% in March while imports came in flat amid disruption due to Covid outbreaks. Some gains were capped by signs that the Ukraine-Russia situation will not be de-escalating anytime soon. Russian President Vladimir Putin insisted last night the ongoing invasion in Ukraine was going as planned despite a major withdrawal and significant losses.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,186.82
-26.51
-0.83

Hang Seng

21,374.37
55.24
0.26

Jakarta Composite

7,262.78
48.00
0.67

KLSE Composite

1,597.180.05--

Nikkei 225

26,843.49
508.51
1.93

Straits Times

3,342.22
11.97
0.36

KOSPI Composite

2,716.49
49.73
1.86

Taiwan Weighted

17,301.65
310.74
1.83


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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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