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Asian markets settle mostly higher on Tuesday

07 Feb 2023 Evaluate
Asian markets settled mostly higher on Tuesday, despite concerns that the US Fed might keep interest rates higher for longer to combat inflation. Investors are awaiting the US Fed Chairman Jerome Powell’s speech at the Economic Club of Washington later in the day. Continued optimism surrounding China's reopening supported Chinese equities. Meanwhile, Japanese shares ended almost flat as Japanese’ yen rose after data showed that Japan's real wages rose in December for the first time since March.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,248.099.390.29

Hang Seng

21,298.7076.540.36

Jakarta Composite

6,935.3061.510.89

KLSE Composite

1,476.38

-14.09-0.95

Nikkei 225

27,685.47

-8.18-0.03

Straits Times

3,380.84-5.09-0.15

KOSPI Composite

2,451.71

13.520.55

Taiwan Weighted

15,400.918.090.05

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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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