Asian markets end mostly higher on Tuesday

06 Feb 2024 Evaluate

Asian markets ended mostly higher on Tuesday, with Chinese and Hong Kong markets surging after a government investment fund said it would expand purchases of stock index funds to counter heavy selling in the Chinese markets and a report said China’s leader Xi Jinping was set to discuss the nation's stock market with financial regulators. However, some gains were limited by concerns over heightened geopolitical tensions in the Middle East. Seoul markets fell after comments from US Fed Chair Jerome Powell and other Fed officials suggested that interest rate cuts may come later than anticipated. Japanese markets declined as investors booked profits and continued to assess domestic earnings reports. Meanwhile, Taiwan's stock market is closed from today to 14th February for the Lunar New Year holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,789.49	87.30	3.13
Hang Seng	16,136.87	626.86	3.88
Jakarta Composite	7,247.41	48.79	0.67
KLSE Composite	1,512.98	1.64	0.11
Nikkei 225	36,160.66	-193.50	-0.54
Straits Times	3,125.68	-8.61	-0.28
KOSPI Composite	2,576.20	-15.11	-0.59
Taiwan Weighted	--	--	--

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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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Investing in stocks, mutual funds, debt, and gold
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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