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Asian markets end mostly higher on Thursday

27 Oct 2022 Evaluate
Asian markets ended mostly higher on Thursday with bets that the US Federal Reserve might ease off plans for interest rate hikes, while investors focus is now on third-quarter US GDP data due later in the day for more cues on the path of US monetary policy. Seoul shares gained after data showed the country's third quarter GDP rose 0.3 percent from the prior quarter backed mostly by consumer spending and investment in facilities. Although, Chinese shares slipped after data showed profits at China's industrial firms fell at a faster clip in the January - September period, while widening Covid-19 outbreaks also weighed on sentiment. Japanese shares declined amid reports of intervention by the government and the BoJ in currency markets. 

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

2,982.90-16.60-0.55

Hang Seng

15,427.94110.270.72

Jakarta Composite

7,091.7647.820.68

KLSE Composite

1,454.09-0.89-0.06

Nikkei 225

27,345.24-86.60-0.32

Straits Times

3,015.246.860.23

KOSPI Composite

2,288.7839.221.74

Taiwan Weighted

12,926.37197.321.55

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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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