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Asian markets settle mostly higher on Thursday

07 Jul 2022 Evaluate
Asian markets settled mostly higher on Thursday tracking modest gains in Wall Street shares overnight, despite the release of FOMC meeting minutes. The US Fed officials said an increase of 50 or 75 basis points would be likely at the policy later this month. Japanese shares rose with gains led by beaten-down technology shares. Moreover, Chinese shares gained even as Shanghai reported the most virus infections since late May. Market sentiment was also lifted by the Institute of International Finance data showing $9.1 billion of foreign inflows into China’s stock market in June, bucking the trend in other emerging markets. The inflow data helped ease concerns of fresh COVID-19 outbreaks in China, which reported 409 new coronavirus cases for July 6, including both symptomatic and asymptomatic cases.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,364.40
9.050.27

Hang Seng

21,643.5856.920.26

Jakarta Composite

6,652.596.180.09

KLSE Composite

1,418.69

-2.16-0.15

Nikkei 225

26,490.53382.881.47

Straits Times

3,129.4025.740.83

KOSPI Composite

2,334.2742.26

1.84

Taiwan Weighted

14,336.27350.76

2.51

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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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