Sentiment in the Asian region turned bearish and all the Asian markets barring Straits Times ended the day’s trade in the red on Tuesday as investors booked their profit amid fears over Europe’s debt crisis resurfaced after the yield on Spain’s 10-year bond rose to 6.48 percent on Monday, higher than Friday’s close, after Fitch downgraded Spain’s two largest banks. Moreover, investors remained unconvinced that the bailout for debt-stricken Spanish banks will halt Europe’s spreading debt crisis. In addition, attention is turning to problems in Italy and worries grew over this weekend’s elections in Greece.
Hong Kong shares fell 0.43 percent while, Japan's Nikkei share average declined over a percent, as a promised bailout for Spanish banks left investors unconvinced that financial contagion would be contained, and doubts about the euro-zone’s future crept back. Moreover, KOSPI Composite dipped over half a percent over creeping doubts about the effectiveness of Spain’s bank bailout; although the index cut back some of its earlier losses on institutional buying.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,289.79 | -16.06 | -0.70 |
Hang Seng | 18,872.56 | -81.07 | -0.43 |
Jakarta Composite | 3,852.58 | -13.64 | -0.35 |
KLSE Composite | 1,576.07 | -2.34 | -0.15 |
Nikkei 225 | 8,536.72 | -88.18 | -1.02 |
Straits Times | 2,797.08 | 9.27 | 0.33 |
KOSPI Composite | 1,854.74 | -12.30 | -0.66 |
Taiwan Weighted | 7,072.08 | -48.15 | -0.68 |
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: