The Asian markets closed mostly in green on Monday, while they ended their worst monthly performance in more than three years in August, as shares struggled to recover from a global selloff sparked by worries about China. Malaysia stock exchange was closed on account of ‘National Day’ holiday. China’s central bank is highly likely to ease monetary policy again by the end of this year, as it seeks to support a rapidly cooling economy and calm financial markets. The People’s Bank of China cut interest rates and lowered the amount of reserves banks must hold for the second time in two months, acting amid pressure from a global stock market rout and massive outflows from its markets. The outstanding amount of China’s dollar-denominated Qualified Foreign Institutional Investor (QFII) programme inched up to $76.7 billion as of August 28, from $76.6 billion at the end of July. The QFII scheme was created by China to allow foreigners to invest in Chinese capital markets. Japanese industrial production fell to a seasonally adjusted -0.6%, from 1.1% in the preceding month while Japanese Housing Starts fell to a seasonally adjusted 7.4%, from 16.3% in the preceding quarter. South Korean Industrial Production fell to a seasonally adjusted annual rate of -3.3%, from 1.4% in the preceding month whose figure was revised up from 1.2%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,205.99 | -26.36 | -0.82 |
Hang Seng | 21,670.58 | 58.19 | 0.27 |
Jakarta Composite | 4,509.61 | 63.41 | 1.43 |
KLSE Composite | - | - | - |
Nikkei 225 | 18,890.48 | -245.84 | -1.28 |
Straits Times | 2,921.44 | -34.50 | -1.17 |
KOSPI Composite | 1,941.49 | 3.82 | 0.20 |
Taiwan Weighted | 8,174.92 | 155.74 | 1.94 |
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: