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Asian markets settle mostly higher on Wednesday

15 Mar 2023 Evaluate
Asian markets settled mostly higher on Wednesday tracking rally in Wall Street overnight after data showed US inflation eased slightly last month, while easing concerns over contagion effect in the banking sector also supported market sentiments. Chinese shares gained after data showed China's industrial production and retail sales expanded in the January to February period. Japanese shares ended unchanged as the Bank of Japan’s January meeting minutes showed that board members reiterating the need to maintain its ultra-dovish stance. Although, investors are cautiously awaiting next week's FOMC meeting.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,263.3118.000.55

Hang Seng

19,539.87291.911.49

Jakarta Composite

6,628.14-13.67-0.21

KLSE Composite

1,403.93

10.100.72

Nikkei 225

27,229.487.440.03

Straits Times

3,172.9243.171.36

KOSPI Composite

2,379.72

30.751.29

Taiwan Weighted

15,387.5927.170.18

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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