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Asian markets settle mostly higher on Tuesday

26 Jul 2022 Evaluate
Asian markets settled mostly higher on Tuesday. Chinese shares gained as real estate developers rallied further on reports that Beijing was planning to set up a fund to aid the troubled industry. Hong Kong shares rose after Chinese tech giant Alibaba Group announced plans to change the status of its Hong Kong-traded shares to make them more accessible to mainland Chinese buyers. However, Japanese shares declined following the mixed cues from Wall Street overnight ahead to a week of Big Tech earnings and a crucial interest rate decision from the United States. The minutes of Bank of Japan's June meeting cited the need to watch the impact of financial and forex market moves on the economy and prices.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,277.4427.050.83

Hang Seng

20,905.88342.941.67

Jakarta Composite

6,871.5413.130.19

KLSE Composite

1,463.69-5.53-0.38

Nikkei 225

27,655.21-44.04-0.16

Straits Times

3,192.1211.650.37

KOSPI Composite

2,412.969.270.39

Taiwan Weighted

14,806.78-129.55-0.87

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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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