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Asian markets settle mixed on Wednesday

22 May 2024 Evaluate
Asian markets settled mixed on Wednesday ahead of AI chip leader Nvidia's earnings report and the release of minutes of the US Federal Reserve's recent meeting. Meanwhile geopolitical uncertainties in middle east also kept investors under pressure. Japanese shares declined after data showed bigger-than-expected trade deficit in April, as exports grew less than expected due to weak demand in countries like China. Seoul shares end almost flat as South Korea's producer prices rose for the fifth consecutive month in April, partially driven by the soaring prices of services and industrial goods, central bank data showed earlier in the day.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,158.54

0.57

0.02

Hang Seng

19,195.60

-25.02

-0.13

Jakarta Composite

7,222.38

36.34

0.50

KLSE Composite

--

--

--

Nikkei 225

38,617.10

-329.83

-0.85

Straits Times

--

--

--

KOSPI Composite

2,723.46

-0.72

-0.03

Taiwan Weighted

21,551.83

315.08

1.46


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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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