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Asian markets end mostly higher on Tuesday

26 Apr 2022 Evaluate

Asian markets ended mostly higher on Tuesday tracking Wall Street gains overnight, despite lingering concerns about the potential economic impact from the widely expected US monetary tightening. Meanwhile, an overnight slump in crude prices and a retreat in Treasury yields also helped market sentiments. South Korea’s GDP grew an annual 3.1 percent in the first quarter of the year, up 0.7 percent from the previous quarter. However, Chinese shares declined after the Chinese mainland on Monday reported 1,908 new locally transmitted confirmed Covid-19 cases and 52 more deaths in the past 24 hours. While, in a bid to contain a new outbreak Beijing has launched mass coronavirus testing for nearly all its 21 million residents, sparked worries of a wider lockdown similar to Shanghai.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,886.43
-42.08
-1.44                 

Hang Seng

19,934.71
65.37
0.33                  

Jakarta Composite

7,232.15
16.17
0.22                  

KLSE Composite

1,596.686.700.42

Nikkei 225

26,700.11
109.33
0.41                                     

Straits Times

3,322.05
-17.54
-0.53                                  

KOSPI Composite

2,668.31
11.18
0.42                  

Taiwan Weighted

16,644.79
23.89
0.14                


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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