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Asian markets end mostly higher ahead of Bernanke testimony

22 May 2013 Evaluate

Asian markets ended mostly higher on Wednesday, on buyers spree amid renewed optimism about the global economy following recent encouraging data from across the globe, ahead of testimony by US Federal Reserve chairman Ben Bernanke on the economic outlook. Japan’s Nikkei closed notably higher as the Bank of Japan maintained its plan to expand the monetary base. However, Shanghai Composite went home with red mark as China Resources Power Holdings, a state-owned electricity generator, sank 4.5%, dragging power producers lower.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,302.40

-2.71

-0.12

Hang Seng

23,261.08

-105.29

-0.45

Jakarta Composite

5,208.00

19.24

0.37

KLSE Composite

 1,783.88

6.73

0.38

Nikkei 225

15,627.26

246.24

1.60

Straits Times

3,454.37

10.47

0.30

KOSPI Composite

1,993.83

12.74

0.64

Taiwan Weighted

8,398.84

15.79

0.19

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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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