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Most Asian markets ends lower ahead of US Federal chief's speech

28 Aug 2012 Evaluate

Most Asian markets fell on Tuesday, on the back of global worries about the impact of the euro zone debt crisis. Meanwhile, investors awaited the release of key US economic data. After plummeting to their lowest level since March 2009 on Monday, Shanghai shares ended with green mark despite fading hopes for more formal monetary easing to underpin China's fragile growth. In Seoul, shares of Samsung Electronics rose 1.6%, recovering some of the value lost on Monday. Hong Kong shares also ended lower, ahead of Federal Reserve chairman Ben Bernanke’s speech in bankers' meet at Jackson Hole on Friday.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,073.15

17.45

0.85

Hang Seng

19,811.80

13.13

0.07

Jakarta Composite

4,142.85

-3.03

-0.07

KLSE Composite

1,647.11

-1.02

-0.06

Nikkei 225

9,033.29

-52.10

-0.57

Straits Times

3,040.07

-4.42

-0.15

KOSPI Composite

1,916.33

-1.54

-0.08

Taiwan Weighted

7,361.94

-106.28

-1.42

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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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