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Asian markets trade lower in early deals on Monday

10 Dec 2018 Evaluate

The Asian market indices are trading lower in early deals on Monday following the sell-off on Wall Street Friday after the release of weaker-than-expected US jobs data for the month of November raised concerns about a slowing economy. Meanwhile, China shares fell after weak import and export data for November added to concerns about slowing economic growth, and as the arrest of a senior Huawei executive continued to stoke fears of a return to trade war escalation.

Nikkei 225 dipped 466.52 points or 2.15% to 21,212.16, Hang Seng dropped 366.87 points or 1.41% to 25,696.89, Taiwan Weighted slipped 118.38 points or 1.21% to 9,642.50, FTSE Bursa Malaysia KLCI declined 14.88 points or 0.89% to 1,665.66, Straits Times decreased 42.52 points or 1.37% to 3,068.60, KOSPI Shares tumbled 28.72 points or 1.38% to 2,047.04, Jakarta Composite contracted 25.70 points or 0.42% to 6,100.66, and Shanghai Composite down by 21.99 points or 0.84% to 2,583.90.

 

 

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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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