SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets end mostly higher on Monday

06 Jun 2016 Evaluate

Asian equity markets ended mostly higher on Monday after fluctuating in early trade, in response to a shockingly weak US employment report as well as a disappointing report on the non-manufacturing sector. Data from the Labor Department showed that US employment edged up by just 38,000 jobs in May compared to economist estimates for an increase of about 158,000 jobs, reflecting the smallest increase in employment in more than five years. The job gains in March and April were also downwardly revised to 186,000 and 123,000, respectively, reflecting a net downward revision of 59,000 jobs. A separate report from the Institute for Supply Management showed that growth in US service sector activity slowed by much more than expected in May. Hong Kong shares reversed earlier losses and ended slightly higher on Monday, supported by gains in energy and materials shares as oil and metal prices rose. Chinese stocks closed a tad lower ahead of a flurry of data due this week and the upcoming Dragon Boat Festival holidays. Japanese shares hit four-week low as the dollar slid to a one-month low against the yen on the back of weaker-than-expected US jobs data, adding pressure on the outlook for Japanese exporters. Markets in South Korea remained closed for Memorial Day.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

2,934.10

-4.58

-0.16

Hang Seng

21,030.22

82.98

0.40

Jakarta Composite

4,896.02

42.10

0.87

KLSE Composite

1,648.99

12.53

0.77

Nikkei 225

16,580.03

-62.20

-0.37

Straits Times

2,831.28

22.05

0.78

KOSPI Composite

-

-

-

Taiwan Weighted

8,597.11

5.54

0.06

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:

×