Asian markets settle mostly higher on Friday

02 Jun 2023 Evaluate

Asian markets settled mostly higher on Friday tracking Wall Street gains overnight after the US Senate passed a bill that suspended the government's borrowing limit to avert a default, while receding bets for a US interest rate hike by the US Federal Reserve this month also supported market sentiments. Chinese shares gained on optimism that Chinese policymakers will soon deliver the much-needed stimulus to boost economic growth. Moreover, Japanese shares rose after Bank of Japan Governor Kazuo Ueda said the Japanese central bank is in no hurry to tighten its ultra-loose policy.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,230.07	25.44	0.79
Hang Seng	18,949.94	733.03	3.87
Jakarta Composite	--	--	--
KLSE Composite	1,381.26	-1.75	-0.13
Nikkei 225	31,524.22	376.21	1.19
Straits Times	--	--	--
KOSPI Composite	2,601.36	32.19	1.24
Taiwan Weighted	16,706.91	194.26	1.16

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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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