SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets close in red on Friday

21 Aug 2015 Evaluate

The Asian markets closed in red on Friday as fears about the health of the global economy pounded equity markets. Worries of a deepening China economic slowdown intensified after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/2-years in August, hammering global stocks and commodity prices. The gloomy figure sent investors fleeing for cover in gold and bonds, fearing China’s sagging economy would translate into slower global growth and muddy the outlook for the timing of the first US interest rate hike in nearly a decade. The preliminary Caixin/Markit China Manufacturing Purchasing Managers’ Index (PMI) stood at 47.1 in August, down from July’s final 47.8. It was the worst reading since March 2009, in the depths of the global financial crisis, and the sixth straight one below the 50-point level, which separates growth in activity from contraction on a monthly basis. Indonesia’s central bank has changed the auction mechanism of several monetary instruments and offered longer tenures as part of measures to support the shaky rupiah. The change is aimed at absorbing banks’ excess short-term liquidity to prevent its use to speculate against the rupiah. Japan’s trade balance fell to a seasonally adjusted -0.37T, from -0.28T in the preceding month whose figure was revised down from -0.25T.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,507.74

-156.55

-4.27

Hang Seng

22,409.62

-347.85

-1.53

Jakarta Composite

4,335.95

-105.96

-2.39

KLSE Composite

1,574.67

-2.74

-0.17

Nikkei 225

19,435.83

-597.69

-2.98

Straits Times

2,971.01

-38.77

-1.29

KOSPI Composite

1,876.07

-38.48

-2.01

Taiwan Weighted

7,786.92

-242.89

-3.02

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×