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Asian markets end mixed on Tuesday

21 Feb 2023 Evaluate
Asian markets ended mixed on Tuesday amid caution ahead of the US Federal Reserve minutes. Meanwhile, rising geopolitical tensions following US President Joe Biden's surprise visit to Ukraine this week also influenced market sentiments. Japanese shares declined after a business survey showed that the country’s manufacturing activity contracted at the fastest pace in 30 months in February. Investors were also awaiting the incoming Bank of Japan governor’s hearing at the parliament this week. However, Chinese shares gained on optimism over China's economic recovery.  The Chinese central bank (PBoC) had left its key mortgage lending rates at historical lows as it strives to shore up Chinese economic growth.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,306.5216.180.49

Hang Seng

20,529.49-357.47-1.74

Jakarta Composite

6,873.40-21.32-0.31

KLSE Composite

1,474.01

0.550.04

Nikkei 225

27,473.10

-58.84-0.21

Straits Times

3,306.86-1.89-0.06

KOSPI Composite

2,458.96

3.840.16

Taiwan Weighted

15,563.0011.770.08

About MoneyWorks4Me

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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