Asian equity markets ended mostly in red on Thursday on worries about a looming Fed rate hike. Minutes from the Fed's November meeting released on Wednesday showed that policymakers appeared confident on the eve of the US presidential election that the US economy was showing strength to justify an increase in short-term interest rates relatively soon. The dollar firmed up in Asian trading as a slew of upbeat US data and hawkish Fed minutes reinforced investor expectations that the Federal Reserve is on track to raise its benchmark interest rate in December. Chinese shares closed almost flat as the yuan hit an eight-year low after China's central bank weakened the yuan's reference rate to beyond 6.9 to the dollar. Meanwhile, Japanese shares ended higher helped by hopes for better exporters' earnings as the dollar jumped against the yen.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,241.74 | 0.60 | 0.02 |
Hang Seng | 22,608.49 | -68.20 | -0.30 |
Jakarta Composite | 5,115.03 | -96.96 | -1.86 |
KLSE Composite | 1,624.21 | -6.17 | -0.38 |
Nikkei 225 | 18,333.41 | 170.47 | 0.94 |
Straits Times | 2,843.72 | 4.03 | 0.14 |
KOSPI Composite | 1,971.26 | -16.69 | -0.84 |
Taiwan Weighted | 9,152.11 | -26.12 | -0.28 |
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: