Asian markets resumed southbound journey after a day halt and all the Asian counters snapped the day’s trade in the negative terrain on Wednesday as investors remained concerned over fears that Greece could leave the eurozone after the country’s second biggest party said it would rip up a bailout deal following weekend elections. Moreover, the anti-austerity Syriza leftists said Sunday’s polls showed Greeks had rejected the strict cuts imposed as part of plans to clear up Athens' mountain of debts. Further adding to jitters, the Chinese Communist Party could delay its upcoming five-yearly congress as the party struggles to finalise a once-in-a-decade leadership change, sparking fears that economic recovery could stall in the world's second-largest economy.
Meanwhile, Hong Kong shares suffered a fifth-straight loss on Wednesday, dogged by weakness in Chinese financials and growth-sensitive sectors as investors cut risk and rotated into defensive plays, underscoring fears that the Greek bailout deal could unravel. Moreover, Taiwan stocks fell about a percent, joining regional bourses in declines as uncertainty over Greece’s future cut appetite for risk, while confusion over Taiwan's controversial plan for a tax on stock trading profit added to worries.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,408.59 | -40.30 | -1.65 |
Hang Seng | 20,330.64 | -154.11 | -0.75 |
Jakarta Composite | 4,129.06 | -52.01 | -1.24 |
KLSE Composite | 1,584.90 | -5.70 | -0.36 |
Nikkei 225 | 9,045.06 | -136.59 | -1.49 |
Straits Times | 2,900.91 | -31.07 | -1.06 |
KOSPI Composite | 1,950.29 | -16.72 | -0.85 |
Taiwan Weighted | 7,475.71 | -70.00 | -0.93 |
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: