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Asian markets settle higher on Friday

09 Sep 2022 Evaluate
Asian markets settled higher on Friday, tracking Wall Street gains overnight as investors digested US Federal Reserve Chair Jerome Powell’s hawkish comments on interest rate hikes to combat runaway inflation. Chinese shares ended up after data showed China’s consumer inflation came in at 2.5% in August, lower than the 2.7% recorded in July. Japanese shares gained even as the supersized interest rate hike by the European Central Bank and its commitment to hike rates aggressively to fight inflation. Meanwhile, South Korean markets were closed for Chuseok fall harvest holiday and Taiwan markets were closed for Mid-Autumn festival holiday.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,262.05

26.46

0.82

Hang Seng

19,362.25

507.63

2.69

Jakarta Composite

7,242.66

10.64

0.15

KLSE Composite

1,496.53

1.80

0.12

Nikkei 225

28,214.75

149.47

0.53

Straits Times

3,262.95

29.34

0.91

KOSPI Composite

-

-

-

Taiwan Weighted

-

-

-




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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