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Asian markets settle higher on Monday

12 Sep 2022 Evaluate
Asian markets settled higher on Monday, tracking positive global sentiment ahead of inflation data from the United States due on Tuesday, which is expected that August numbers to come in at 8.1%. That would be down from 8.5% in July and a peak of 9.1% in June. But the markets are largely expecting the US Federal Reserve to hike interest rates by 75 basis points this month. Japanese shares rose, supported by expectations of a recovery in the tourism industry as the Japanese government moves to further ease Covid-19 entry restrictions for foreign travelers. Meanwhile, stock markets in China, Hong Kong and South Korea were closed for a holiday.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

--

--

--

Hang Seng

--

--

--

Jakarta Composite

7,254.46

11.80

0.16

KLSE Composite

1,497.96

1.430.10

Nikkei 225

28,542.11

327.36

1.16

Straits Times

3,274.72

11.77

0.36

KOSPI Composite

--

--

--

Taiwan Weighted

14,807.43224.01

1.54



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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