The Asian equity benchmarks ended mostly in red on Monday, amid concern that tumbling oil price signals weakness in the outlook for global economic growth. Confidence among Japanese manufacturers worsened slightly in the fourth quarter and firms expect conditions to deteriorate more, highlighting the challenges premier Shinzo Abe faces in reviving the economy a day after his big win in Sunday’s snap election. Abe’s election win gives him a fresh mandate to pursue policies aimed at ending 15 years of deflation and sparking durable growth. Japan’s Tankan manufacturing index fell unexpectedly in the last quarter, to a seasonally adjusted 12, from 13 in the preceding quarter. Japan’s Tankan large non-manufacturing index rose to a seasonally adjusted 16, from 13 in the preceding month. The tankan showed big companies plan to increase capital expenditure by 8.9 percent in the fiscal year ending in March 2015, compared with a median forecast of a 8.0 percent rise. Indonesia’s rupiah tumbled to its lowest level since the Asian financial crisis as an uptick in dollar buying by local companies before year-end coincided with a rout in the sovereign bond market. Overseas investors have pulled 10.09 trillion rupiah ($795 million) from local-currency sovereign bonds this month through December 1. Singaporean Retail Sales rose to a seasonally adjusted 8.1%, from 5.5% in the preceding month while Singaporean Unemployment Rate rose to 2.0%, from 1.9% in the preceding quarter. Singapore home sales fell to the lowest this year in November as the government’s lending curbs stemmed purchases. Developers sold 412 units last month compared with a revised 785 units in October. That’s the lowest since December, when 259 units were sold. Asian Indices Last Trade Change in Points Change in % Shanghai Composite 2,953.42 15.25 0.52 Hang Seng 23,027.85 -221.35 -0.95 Jakarta Composite 5,108.43 -52.00 -1.01 KLSE Composite 1,697.31 -35.68 -2.06 Nikkei 225 17,099.40 -272.18 -1.57 Straits Times 3,294.14 -29.99 -0.90 KOSPI Composite 1,920.36 -1.35 -0.07 Taiwan Weighted 8,985.63 -41.70 -0.46
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: