Most of the Asian equity benchmarks are trading lower in the early deals on Monday, tracking the weak cues from Wall Street and European markets Friday and on renewed worries about global economic growth following the US Federal Reserve's decision to keep interest rates at a record low last week. In addition, a stronger US dollar put downward pressure on commodity prices, dragging down resource stocks. The markets in Japan are closed on Monday for Respect the Aged Day. Among the other Asian markets, South Korea, Hong Kong, South Korea, Taiwan, Singapore and Indonesia are lower.
Hang Seng contracted 285.70 points or 1.30% to 21,635.13, Straits Times declined 17.18 points or 0.60% to 2,862.41, Taiwan Weighted dropped 159.82 points or 1.89% to 8,302.32, KOSPI Index slipped 31.79 points or 1.59% to 1,964.16, Jakarta Composite decreased 5.11 points or 0.12% to 4,375.21 and FTSE Bursa Malaysia KLCI was down by 21.89 points or 1.31% to 1,647.56.
On the flip side, Shanghai Composite was up by 20.89 points or 0.67% to 3,118.81.
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: