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Asian markets settle mixed on Tuesday

13 Dec 2022 Evaluate
Asian markets settled mixed on Tuesday amid caution ahead of key US inflation data and a slew of central bank policy meetings due this week. Japanese shares gained in line with Wall Street gains overnight with hopes that the Fed Committee would take a less hawkish stance on interest rate hikes, while an overnight weakening of the yen helped lift exporters. Hong Kong shares jumped on signs of further easing of China's Covid-19 restrictions. Meanwhile, Chinese shares fell marginally after data showed China’s credit expanded at a slightly slower pace than expected in November, despite the PBoC’s efforts to boost lending and ease restrictions on property loans.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,176.33-2.71-0.09

Hang Seng

19,596.20132.570.68

Jakarta Composite

6,810.3275.871.13

KLSE Composite

1,470.12-4.26-0.29

Nikkei 225

27,954.85112.520.40

Straits Times

3,271.2831.620.98

KOSPI Composite

2,372.40-0.62-0.03

Taiwan Weighted

14,522.96-89.63-0.61

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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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