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Asian markets settle mostly higher on Monday

20 Feb 2023 Evaluate
Asian markets settled mostly higher on Monday ahead of minutes from the US Federal Open Market Committee this week. Markets were gained in spite of worries of rising geopolitical tensions, hawkish comments from US Fed officials, and expectations that the US Fed will keep raising interest rates for longer than anticipated to tame inflation. Chinese shares jumped after the country's central bank left its 1-year and 5-year prime loan rates unchanged, widely in line with expectations, as the Chinese economy showed more signs of recovery following its Covid reopening. Japanese shares rose marginally as Japanese government bond yields ticked higher following spikes in US Treasury yields last week, while investors are awaiting testimony by the incoming Bank of Japan leadership team.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,290.3466.322.02

Hang Seng

20,886.96167.150.80

Jakarta Composite

6,894.72-0.99-0.01

KLSE Composite

1,473.46

-3.44-0.23

Nikkei 225

27,531.94

18.810.07

Straits Times

3,308.75-19.62-0.59

KOSPI Composite

2,455.12

3.910.16

Taiwan Weighted

15,551.2371.530.46

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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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