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Asian markets end mostly higher on Tuesday

06 Sep 2022 Evaluate
Asian markets ended mostly higher on Tuesday as investors expecting more clarity ahead of several central bank meetings. The European Central Bank would meet on Thursday to discuss interest rate action, followed by the US Federal Reserve on September 21. Chinese shares gained after China's central bank promised fresh measures to follow a stimulus package released in May. Meanwhile, China reduced amount of foreign-exchange deposits banks need to set aside as reserves for the second time this year to uplift the yuan after the currency hit a two-year low. However, ongoing energy crisis in Europe and the decision to cut global oil output deepened the market concerns over global economic growth.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,243.4543.541.36

Hang Seng

19,202.73-22.97-0.12

Jakarta Composite

7,233.161.280.02

KLSE Composite

1,488.27-1.53-0.10

Nikkei 225

27,626.516.900.02

Straits Times

3,224.188.700.27

KOSPI Composite

2,410.026.340.26

Taiwan Weighted

14,677.2016.100.11




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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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