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Asian markets settle mostly higher on Friday

31 Mar 2023 Evaluate
Asian markets settled mostly higher on Friday amid strong gains in Wall Street shares overnight following receding fears of a global banking crisis, while US inflation data due later in the day is expected to provide additional clues on the US Federal Reserve's monetary policy path. Japanese shares gained on the back of a weaker yen, while strong readings on industrial output and retail sales for February also supported sentiments. Moreover, Chinese and Hong Kong shares gained on China's economic recovery optimism with official data showed that China's manufacturing activity expanded at a slower pace in March, while China’s services and construction activity also remained strong.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,272.8611.610.35

Hang Seng

20,400.1190.980.45

Jakarta Composite

6,805.28-3.67-0.05

KLSE Composite

1,422.59

-2.02-0.14

Nikkei 225

28,041.48258.550.92

Straits Times

3,258.901.720.05

KOSPI Composite

2,476.86

23.700.96

Taiwan Weighted

15,868.0618.630.12

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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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