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Asian markets settle mostly higher on Tuesday

27 Feb 2024 Evaluate
Asian markets settled mostly higher on Tuesday, with Chinese shares rallied after reports that state-backed funds have invested more than 410 billion yuan ($57 billion) into onshore shares this year, primarily in CSI 300 and CSI 500 Index products, in a bid to prop up the market. Although, Seoul shares declined tracking overnight losses on Wall Street. Japanese shares ended flat ahead of key inflation and GDP readings this week that could influence the US central bank's interest rate trajectory. The Japanese yen gained as data showed Japan's consumer inflation slowed less than expected to 2% in January, hitting the central bank's target and firming expectations of a shift in monetary policy.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,015.48

38.46

1.28

Hang Seng

16,790.80

156.06

0.93

Jakarta Composite

7,285.32

1.50

0.02

KLSE Composite

1,558.80

11.20

0.72

Nikkei 225

39,239.52

5.81

0.01

Straits Times

3,157.32

-13.80

-0.44

KOSPI Composite

2,625.05

-22.03

-0.84

Taiwan Weighted

18,854.41

-93.64

-0.50


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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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