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Asian markets settle mostly higher on Wednesday

12 Jul 2023 Evaluate
Asian markets settled mostly higher on Wednesday as investors awaited US consumer inflation data that will provide more clarity on the Federal Reserve's monetary policy path. Meanwhile, Wall Street's positive close overnight also supported market sentiments. Hong Kong shares gained on stronger-than-expected credit figures in June. However, Japanese shares dipped after reports showed that Japan's core machinery orders unexpectedly declined 7.6% in May, while a firmer yen also weighed on exporters’ confidence. Chinese shares declined even as China extended some policies to support its troubled property market.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,196.13

-25.24

-0.79

Hang Seng

18,860.95

201.12

1.07

Jakarta Composite

6,808.21

11.29

0.17

KLSE Composite

1,398.06

6.60

0.47

Nikkei 225

31,943.93

-259.64

-0.81

Straits Times

3,175.36

11.52

0.36

KOSPI Composite

2,574.72

12.23

0.48

Taiwan Weighted

16,962.03

63.12

0.37

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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