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Asian markets end mostly higher on Wednesday

20 Apr 2022 Evaluate

Asian markets ended mostly higher on Wednesday tracking overnight Wall Street gains on the back of strong housing data and a steep drop in oil prices. Japanese shares climbed after data showed that exports grew 14.7 percent year on year and imports grew an annual 31.2 percent in March, while the yen's recent slump boosted export-oriented shares. However, Chinese shares declined after Chinese central bank surprisingly kept its benchmark lending rates steady. The one-year loan prime rate (LPR) was kept at 3.70% and the five-year LPR was unchanged at 4.60%, which markets see as Beijing’s cautious approach to rolling out more easing measures.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,151.05
-42.98
-1.35              

Hang Seng

20,944.67
-83.09
-0.40                                    

Jakarta Composite

7,227.36
28.13
0.39                

KLSE Composite

1,593.7512.610.80

Nikkei 225

27,217.85
232.76
0.86     

Straits Times

3,335.32
28.19
0.85                

KOSPI Composite

2,718.69
-0.20
--                                   

Taiwan Weighted

17,148.88
155.48
0.91                


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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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