Asian markets settle mostly higher on Thursday

21 Mar 2024 Evaluate

Asian markets settled mostly higher on Thursday tracking Wall Street gains overnight and bond yields declined as the US Federal Reserve left interest rates unchanged for a fifth straight meeting and maintained its forecast for three rate cuts this year, despite signs that inflation might stay elevated longer. South Korean shares surged after private report said the Bank of Korea will likely start cutting interest rates in July. Japanese shares rose as traders returned from a holiday, while data showed the country's exports grew for a third consecutive month offering support for the economy. However, Chinese shares fell due to concerns over persistent weakness in the property market.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,077.11	-2.58	-0.08
Hang Seng	16,863.10	320.03	1.90
Jakarta Composite	7,338.35	7.22	0.10
KLSE Composite	1,541.41	5.62	0.37
Nikkei 225	40,815.66	812.06	1.99
Straits Times	3,220.37	42.89	1.33
KOSPI Composite	2,754.86	64.72	2.35
Taiwan Weighted	20,199.09	414.64	2.05

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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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