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Asian markets trade lower in early deals on Monday

29 Jun 2015 Evaluate

Asian equity benchmarks were trading lower in the early deals on Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts. The Japanese market traded lower amid fears of a debt default by Greece following the breakdown in talks between the debt-laden country and international creditors over the weekend.

Nikkei 225 dipped 442.14 points or 2.14%to 20,264.01, Jakarta Composite contracted 59.95 points or 1.22% to 4,863.05, FTSE Bursa Malaysia KLCI slipped 17.70 points or 1.03% to 1,692.77, Shanghai Composite decreased 157.40 points or 3.75% to 4,035.48, Straits Times declined 44.46 points or 1.34% to 3,276.44, Hang Seng crumbled 714.57 points or 2.68% to 25,949.30, KOSPI Index dropped 27.57 points or 1.32% to 2,062.69 and Taiwan Weighted was down by 220.23 points or 2.33% to 9,242.34.

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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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