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Most Asian markets shut the shop in red despite China showing improvement in PMI

24 Jul 2012 Evaluate

Supported by improving Chinese manufacturing data, Asian shares recuperated from previous day’s heavy losses. China's manufacturing output in July grew at its fastest pace in nine months, helping lift an index of activity in the country's overall factory sector to its highest level since February and suggesting pro-growth government policies are having an impact.  However, markets remained cautious after ratings agency Moody's downgraded its outlook for Germany, delivering a stark warning that not even Europe's largest and most pivotal economy was immune from the rolling crisis.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,146.59

5.19

0.24

Hang Seng

18,903.20

-150.27

-0.79

Jakarta Composite

3,992.11

-17.68

-0.44

KLSE Composite

1,632.57

-3.60 

-0.22

Nikkei 225

8,488.09

-20.23

-0.24

Straits Times

2,998.44

15.95

0.53

KOSPI Composite

1,793.93

4.49

0.25

Taiwan Weighted

7,008.35

-20.38

-0.29

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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.

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