Asian markets end mostly down on Friday

10 Jul 2020 Evaluate

Asian markets ended mostly down on Friday, hit by weakness in Wall Street as surging corona virus cases across America raised fears of another lockdown in several states and dimmed prospects for a quick economic recovery. US sets one day record with more than 60,500 new corona virus infections on Thursday. Investors also turned cautious ahead of the corporate earnings season beginning next week. Chinese shares ended lower as state media discouraged retail investors from chasing the market higher. Market sentiment dented further after reports that the United States imposed sanctions on the highest ranking Chinese official yet targeted over alleged human rights abuses against the Uighur Muslim minority, a move likely to further ratchet up tensions between Washington and Beijing. Japanese shares declined as the safe-haven yen strengthened after Tokyo reported an all-time high of 243 new corona virus cases in the city. Meanwhile, the Bank of Japan downgraded its assessments of all nine regional economies for the second straight quarter, as the novel corona virus pandemic has continued to impact a wide range of business sectors.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,383.32	-67.27	-1.95
Hang Seng	25,727.41	-482.75	-1.84
Jakarta Composite	5,031.26	-21.53	-0.43
KLSE Composite	1,591.84	8.59	0.54
Nikkei 225	22,290.81	-238.48	-1.06
Straits Times	-	-	-
KOSPI Composite	2,150.25	-17.65	-0.81
Taiwan Weighted	12,073.68	-119.01	-0.98

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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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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.

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Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
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Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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