Asian market gave up some gains on Monday, though starting the new quarter on a mildly positive note, as reports showed that Chinese manufacturing data slowed down tempering optimism over last week’s agreement in Europe to solve the regions’ debt crisis. The China’s official purchasing managers' index was recorded at 50.2 - the worst number since November 2011.
Nikkei fell from its two month intraday high to end almost flat on Monday after an early gain, as an agreement to shore up European trouble banks faltered. Shanghai Composite remained flat as investors were not eager to invest after two economic indicators showed countries manufacturing activity slowed down last month. Kospi Composite gave up its early gains to close on a weaker note as heavy weight stocks such as Samsung Electronics incurred losses.
Jakarta Composite saw an unusual move in trading as country’s energy related companies such as PT Adaro Energy rose 7.6 percent to 1,560 rupiah its steepest increase since October 6 and PT Energi Mega Persada climbed 2.1 percent to 146 rupiah. Strait Times rose to its highest level in seven weeks as oil rig builders Keppel Corp and Sembcorp Marine saw the strongest gains on the benchmark Straits Times Index, after oil prices staged a strong rally on Friday.
Hang Seng index remained closed today due to public holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,226.11 | 0.68 | 0.03 |
Hang Seng | -- | -- | -- |
Jakarta Composite | 3,991.54 | 35.96 | 0.91 |
KLSE Composite | 1,600.85 | 1.70 | 0.11 |
Nikkei 225 | 9,003.48 | -3.30 | -0.04 |
Straits Times | 2,910.59 | 32.14 | 1.12 |
KOSPI Composite | 1,851.65 | -2.36 | -0.13 |
Taiwan Weighted | 7,345.16 | 48.88 | 1.77 |
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: