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Asian markets end higher; Japan hits multi-year highs

06 Mar 2013 Evaluate

Asian markets ended with excellent gains on Wednesday following a record-breaking performance by shares amid better than expected economic data from the United States. Japan's Nikkei 225 closed higher after touching its highest intraday level since September 2008, ahead of Bank of Japan’s policy meetings on March 7. Meanwhile, China stocks went home with green mark continuing to recover from Monday's sharp drop, with the annual session of the National People's Congress in full swing. Hong Kong, also ended on a positive note as Standard Chartered gained sharply after the emerging markets-focused bank posted a tenth consecutive year of record profits.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

 2,347.18

20.87

0.90

Hang Seng

22,777.84

217.34

0.96

Jakarta Composite

 4,824.68

72.98

1.54

KLSE Composite

 1,651.84

9.76

0.59

Nikkei 225

11,932.27

248.82

2.13

Straits Times

3,291.81

43.55

1.34

KOSPI Composite

2,020.74

4.13

0.20

Taiwan Weighted

 7,950.30  

17.59

  0.22 

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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