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Asian markets settle mostly higher on Wednesday

08 Jun 2022 Evaluate

Asian markets settled mostly higher on Wednesday, despite growing fears that aggressive central bank policy tightening would dent global growth. The US Federal Reserve is expected to hike its benchmark interest rates by 50 basis points next week and again in July, while the European Central Bank is expected to lay the groundwork for an interest rate rise next month. Japanese shares gained tracking gains in Wall Street overnight, with technology heavyweights leading the climb. However, Seoul shares end marginally down after Q1 GDP growth was revised slightly down to 0.6 percent.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,263.79

22.03

0.68

Hang Seng

22,014.59

482.92

2.24

Jakarta Composite

7,193.31

52.26

0.73

KLSE Composite

1,523.86

-2.07

-0.14

Nikkei 225

28,234.29

290.34

1.04

Straits Times

3,225.80

-5.74

-0.18

KOSPI Composite

2,626.15

-0.19

-0.01

Taiwan Weighted

16,670.51

157.63

0.95


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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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