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Asian Shares end mixed on Tuesday

07 Jun 2022 Evaluate

Asian markets ended mixed on Tuesday on anxiety about interest rate hikes and a possible economic slowdown in the world’s largest economy. Last week’s US jobs report raised expectations of continued tightening by the US Federal Reserve. Investors are also awaiting Friday’s US consumer price index (CPI) for clues on the interest rate hike path. Meanwhile, the European Central Bank will hand down its policy decision this Thursday, joining global peers to cool off high inflation. Chinese shares gained as easing of more Covid-19 related restrictions in Shanghai and other major cities. Japanese shares rose as a weakening yen boosted export stocks. Bank of Japan Governor Haruhiko Kuroda said a weak yen is beneficial for Japan’s economy if the currency’s moves are not too sharp.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,241.765.390.17

Hang Seng

21,531.67-122.23-0.56

Jakarta Composite

7,141.0444.460.63

KLSE Composite

1,525.93-11.90-0.77

Nikkei 225

27,943.9528.060.10

Straits Times

3,231.544.910.15

KOSPI Composite

2,626.34-44.31-1.66

Taiwan Weighted

16,512.88-93.08-0.56


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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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