SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Greek fallout fears trigger risk aversion in Asian markets

16 May 2012 Evaluate

Equity markets across the Asian region have got brutally assaulted in Wednesday’s trading session with most benchmarks getting thrashed by around two percentage points on the back of depressing leads from the Euro-zone. The overnight fall in US markets too undermined sentiments as investors overlooked the economic reports there which showed underlying strength in demand in the world’s largest economy, the manufacturing activity in New York State surged but retail sales grew a tad less than expected. Market participants buckled under the fears that the Greece would exit from the single currency union after talks to form a new government in the debt laden nation failed, offsetting the better than expected reports from Euro-zone where German GDP expanded at unexpectedly strong pace while the overall European economy narrowly avoided drifting into recession.

While the equity indices in Indonesia and Hong Kong remained top laggards in the space with around two and half a percent cuts each. The benchmark in Japan plunged around a percent after reports indicated machinery orders in world’s third largest economy fell 2.8 percent in March.

Shanghai Composite declined 9.94 points or 0.42% to 2,364.90, Hang Seng Index got hammered by 540.17 points or 2.72% to 19,354.14, Jakarta Composite got thrashed by 94.81 points or 2.34% to 3,950.84, KLSE Composite plunged 14.36 points or 0.92% to 1,546.71, Nikkei 225 sank 79.95 points or 0.90% to 8,820.79, Straits Times Index dived 34.78 points or 1.21% to 2,841.92, KOSPI Composite slumped 32.01 points or 1.69% to 1,866.95 and Taiwan Weighted drifted 64.01 points or 0.87% to 7,331.63.

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:

×