Asian Market report for week 48 of 2021
It has been quite an interesting week for me to look at the Asian markets and their primary indices mainly because of how they have performed in a mixed proportion to end the week in both red and green zone. This week saw both the up’s and down’s in points performance for all the indices throughout the week. The Chinese and Indian markets seem to have done a lot better in comparison to the previous week while Japan and Hong Kong indexes have slipped even further into the red zone.
Now, let’s have a look at all of them one by one to get a better understanding of their respective movement of points.
Nikkei 225 of Japan:
The Nikkei 225 of Japan has ended the week once again in the red zone at 28,029 points with a loss of 308 points on a week-over-week basis. The index started the week in an upward trend with sharp movements but experienced a mid-week crisis of loss in points. Then the pointer only continued to move in sideways with not enough rebound momentum to climb up the lost points. But the recovery in points is possible in the upcoming week if the last-day trend continues at the same pace.
SSE composite index of china:
The SSE composite index of China has ended the week in the green zone at 3,607 points with a gain of 78 points on a week-over-week basis. The index has actually done pretty well this week with a good upward trend start which continued throughout the week and peaked in the last two days. At the current momentum of points recovery, the index should have a good opening in the upcoming week too.
Hang Seng of Hong Kong:
The Hang Seng of Hong Kong has ended the week in the red zone at 23,766 points with a loss of 143 points on a week-over-week basis. The index saw some sharp movements with a heavy loss of points from Tuesday itself and continued to move only sideways with not enough recovery momentum to make a good comeback. The rebound curve on the last day of the week hints at positive movement into the start of the upcoming trading sessions too.
Nifty 50 of India:
The Nifty 50 of India has ended the week in the green zone at 17,196 points with a decent gain of 241 points on a week-over-week basis. The index started the week in a good upward trend and continued to move in a steady growing graph scale style and peaked on Thursday of the past trading week. After that peak, the last day saw a sudden slip in points small enough to end the day in red but not the week. The downward trend may very well continue at the very least opening half of the next week.
The Asian markets have done a not bad job of recovering from the losses of the previous weeks while I still think that the indices are to see a dip in points further than what they are today in the form of a correction before the real value momentum kicks in to pull the markets back on track.
Let’s hope for nothing but the best.
Thank you for reading this, and God Bless Everyone.
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