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Asian markets settle mostly higher on Monday

22 May 2023 Evaluate
Asian markets settled mostly higher on Monday with expectations for a US debt ceiling deal. US lawmakers would continue negotiations today to increase US debt limit. Meanwhile, US Federal Chair Powell said the Federal Reserve might not have to raise interest rates as high as earlier expected to control inflation. Japanese shares gained as the yen weakened after dovish comments by BOJ Governor Kazuo, despite data showed Japan's core machinery orders fell in March for a second straight month. Moreover, Chinese shares rose after US president Joe Biden said he expected ties with China to improve very shortly.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,296.47

12.93

0.39

Hang Seng

19,678.17

227.60

1.16

Jakarta Composite

6,729.65

29.09

0.43

KLSE Composite

1,419.00

-9.54

-0.67

Nikkei 225

31,086.82

278.47

0.90

Straits Times

3,211.09

8.50

0.26

KOSPI Composite

2,557.08

19.29

0.75

Taiwan Weighted

16,180.89

5.97

0.04


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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