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Asian markets settle mostly lower on Tuesday

23 Aug 2022 Evaluate
Asian markets settled mostly lower on Tuesday, tracking losses in Wall Street overnight ahead of US Fed Chair Jerome Powell's comments on inflation and the rate outlook at the upcoming annual Jackson Hole economic symposium. Further, surging natural gas prices in Europe stoked global recession fears and added pressure on market sentiments. Japanese shares declined after a PMI survey showed Japan’s manufacturing activity growth slowed to a 19-month low, as new orders continue to decline. Chinese shares dropped amid rising Covid-19 cases and extended power curbs in China, while investors fretted that recent support measures were not sufficient to prop up its beleaguered real-estate market.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,276.22-1.57-0.05

Hang Seng

19,503.25-153.73-0.78

Jakarta Composite

7,163.2655.280.78

KLSE Composite

1,482.57-4.80-0.32

Nikkei 225

28,452.75-341.75-1.19

Straits Times

3,246.21-16.36-0.50

KOSPI Composite

2,435.34-27.16-1.10

Taiwan Weighted

15,095.89-149.25-0.98

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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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