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Asian markets settle mostly higher on Wednesday

14 Dec 2022 Evaluate
Asian markets settled mostly higher on Wednesday, tracking overnight gains on Wall Street after cooler-than-expected inflation readings in the United States. Meanwhile, lower inflation reading also fuelled expectations that the US Fed will slow the pace of interest rate hikes. Chinese shares settled almost flat followed by the surge in Covid cases in the country. Although, Investors were awaiting central bank decisions on interest rates from the US Federal Reserve due later in the day, and the Bank of England and European Central Bank due on Thursday kept investors cautious and capped further gains.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,176.530.200.01

Hang Seng

19,673.4577.250.39

Jakarta Composite

6,801.75-8.57-0.13

KLSE Composite

1,483.1713.050.89

Nikkei 225

28,156.21201.360.72

Straits Times

3,278.577.290.22

KOSPI Composite

2,399.2526.851.13

Taiwan Weighted

14,739.36216.401.49


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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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