SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets close mixed on Thursday

08 Oct 2015 Evaluate

The Asian equity markets ended mixed on Thursday, ahead of the release of minutes from the Federal Reserve’s latest policy meeting, with Shanghai stocks closing on firm note after Chinese markets reopened today following an extended holiday. China’s sovereign rating can withstand slower growth and greater volatility going forward. Moody’s currently rates China ‘Aa3’ with a stable outlook, and is forecasting GDP growth at 6.8 percent in 2015 and 6.3 percent in 2016. This is in line with forecasts from the International Monetary Fund. Japan’s Core Machinery Orders fell to -5.7% compared to -3.6% in the preceding month. Japan’s Economy Watchers Current Index fell to a seasonally adjusted 47.5, from 49.3 in the preceding month. South Korea’s foreign exchange bank deposits fell for a fifth straight month in September to their lowest level in over a year as yuan deposits continued to decline. Foreign exchange bank deposits stood at $59.19 billion as of end-September, down $0.50 billion from August. This was the lowest level since end-June last year. Hong Kong’s home prices rose for a fifth consecutive month to hit a record high in August, overcoming concerns an expected interest rate hike in the United States may dampen demand in one of the world’s most expensive property markets. An official index of overall private home prices for August edged up 1.1 percentage points month-on-month to 305 points. That’s 16.8 per cent higher than the year before and a fifth straight monthly gain.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,143.36

90.58

2.97

Hang Seng

22,354.91

-160.85

-0.71

Jakarta Composite

4,491.43

4.30

0.10

KLSE Composite

1,692.20

2.95

0.17

Nikkei 225

18,141.17

-181.81

-0.99

Straits Times

2,947.03

-14.78

-0.50

KOSPI Composite

2,019.53

13.69

0.68

Taiwan Weighted

8,445.96

-49.27

-0.58

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:

×