Most of the Asian equity benchmarks are trading lower in the early deals on Tuesday despite overnight gains on Wall Street as well as the rebound in oil and gold prices boosting investor sentiment. The Japanese market edged down, erasing its earlier rise to near its 18 1/2-year high hit earlier this year, as investors took profits after the Chinese central bank devalued the Yuan. Among the other Asian markets, South Korea, Indonesia, Singapore, Shanghai, Taiwan and Malaysia are down with modest losses. Meanwhile, Hong Kong is in positive territory.
Nikkei 225 dropped 184.97 points or 0.89% to 20,623.72, FTSE Bursa Malaysia KLCI slipped 12.46 points or 0.75% to 1,641.91, Jakarta Composite decreased 62.98 points or 1.33% to 4,685.97, KOSPI Index dipped 2.26 points or 0.11% to 2,000.91, Straits Times declined 26.49 points or 0.83% to 3,170.17, Shanghai Composite contracted 15.56 points or 0.40% to 3,912.86 and Taiwan Weighted was down by 58.24 points or 0.69% to 8,408.60.
On the flip side, Hang Seng was up by 234.39 points or 0.96% to 24,755.51.
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: