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Asian markets settle mostly higher on Tuesday

31 May 2022 Evaluate

Asian markets settled mostly higher on Tuesday after reports showed China's factory activity fell at a slower pace in May as coronavirus curbs in major manufacturing hubs eased. Chinese and Hong Kong shares climbed as China's cabinet unveiled a series of new policy measures to bolster the economy and stabilize jobs. However, Japanese shares fell on lack of cues from Wall Street overnight due to Memorial Day holiday. Global investors are remaining cautious about whether the US central bank can control inflation that is running at a four-decade high without tipping the biggest global economy into recession.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,186.4337.371.19

Hang Seng

21,415.20291.271.38

Jakarta Composite

7,148.97111.401.58

KLSE Composite

1,570.1027.081.75

Nikkei 225

27,279.80-89.63-0.33

Straits Times

3,232.49-6.43-0.20

KOSPI Composite

2,685.9016.240.61

Taiwan Weighted

16,807.77197.151.19


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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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