Most Asian markets end higher on Fed's stand

27 Feb 2013 Evaluate

Snapping earlier session’s losses, most Asian markets closed higher on Wednesday, as investors sentiments were boosted with solid US data and the Federal Reserve's re-dedication to monetary stimulus, taking Italy's political gridlock in stride. However, Japan's Nikkei went home with red mark as the yen firmed hurting exporters. Meanwhile, Hong Kong’s market ended marginally higher amid speculation that policymakers in Beijing will take steps to bolster equities.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,313.22	19.88	0.87
Hang Seng	22,577.01	57.32	0.25
Jakarta Composite	4,716.42	53.38	1.14
KLSE Composite	1,624.14	-0.04	-
Nikkei 225	11,253.97	-144.84	-1.27
Straits Times	3,261.12	6.86	0.21
KOSPI Composite	2,004.04	4.03	0.20
Taiwan Weighted	7,897.98	17.08	0.22

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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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