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Asian markets end mostly lower ahead of Fed’s monetary policy announcement

04 May 2022 Evaluate

Asian markets ended mostly lower on Wednesday ahead of the US Federal Reserve's monetary policy announcement due out later in the day where the central bank is expected to aggressively raise its interest rates by 50 basis points. Market sentiments weakened further by lingering geopolitical tensions as the European Union proposed gradual ban on Russian oil in sixth round of sanctions against Moscow. Meanwhile, most of the markets were closed today for holidays.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

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--          

Hang Seng

20,869.52
-232.37
-1.10

Jakarta Composite

--
--
--                

KLSE Composite

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Nikkei 225

--
--
--

Straits Times

3,349.27
-7.63
-0.23           

KOSPI Composite

2,677.57
-2.89
-0.11               

Taiwan Weighted

16,565.83
66.93
0.41                


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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