SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets crumble on Greece concerns

16 May 2012 Evaluate

Downtrend continued in the Asian region and all the Asian equity indices crashed on Wednesday as investors remained concerned that Greece is inching near to an exit from the euro-zone after week-long coalition talks failed to form a government. Meanwhile, the Hang Seng posted its biggest loss in six months, down by over  three percent after mainland media reported flat loan growth for the country’s -- Big Four -- state-owned banks in the first two weeks of May, adding fears about the slowing Chinese economy. However, Chinese shares also slipped over a percentage point, but did comparatively well as investors remained confident that the signs of weakness in the economy may prompt further policy action, after a cut in reserve requirements over the weekend.

Japanese Nikkei share average slid over a percent on Wednesday, as data showing flat bank lending in China eased already lukewarm sentiments for risk assets even though the benchmark managed to end a tad above its crucial 8,800 level. Moreover, broader worries about the euro-zone also weighed in sentiments in Singapore and South Korea. In addition, Taiwan stocks closed down over two percent, tracking regional bourses in falls as the euro-zone’s worries capped risk appetite, with smart-phone maker HTC tumbling on news US sales of some new phones will be delayed.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,346.19

-28.55

-1.21

Hang Seng

19,259.83

-634.48

-3.19

Jakarta Composite

3,980.50

-65.15

-1.61

KLSE Composite

1,536.04

-25.03

-1.60

Nikkei 225

8,801.17

-99.57

-1.12

Straits Times

2,831.15

-44.55

-1.58

KOSPI Composite

1,840.53

-58.43

-3.08

Taiwan Weighted

7,234.57

-161.07

-2.18

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: