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Asian markets end mostly higher on Wednesday

27 Jul 2022 Evaluate
Asian markets ended mostly higher on Wednesday even after US stock indices dropped overnight on a flurry of mixed earnings reports. Seoul shares rose even as the South Korea’s consumer confidence tumbled by the most since the onset of the Covid-19 pandemic. Although, market participants cautiously awaited the Fed's interest-rate decision later in the day. The International Monetary Fund has lowered its 2022 economic forecasts for global growth to 3.2% and for emerging and developing Asia to 4.6% as recession risks looming. Hong Kong shares declined as Hong Kong Financial Secretary Paul Chan Mo-po said commercial banks in Hong Kong will have no choice but to raise prime rates increase, but not at the scale and pace of the US Fed.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,275.76-1.68-0.05

Hang Seng

20,670.04-235.84-1.13

Jakarta Composite

6,898.2226.680.39

KLSE Composite

1,470.717.020.48

Nikkei 225

27,715.7560.540.22

Straits Times

3,205.1413.020.41

KOSPI Composite

2,415.532.570.11

Taiwan Weighted

14,921.59114.810.78



About MoneyWorks4Me

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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