SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets trade mixed in early deals on Thursday

23 Jul 2020 Evaluate

Asian equity benchmarks are trading mixed on Thursday, as the market struggles for a direction with the mounting tensions between US and China after the US asked Beijing to close its diplomatic consulate in Houston within the next 72 hours. Chinese foreign ministry spokesperson Wang Wenbin condemned the action and warned of retaliation if the US does not reverse its decision. In the firmer note, the National Association of Realtors released a report showing existing home sales rebounded at a record pace in June after three straight months of declines, signaling economic recovery better than expected. Japan's Nikkei is closed for National Sports Day. Among the Asian markets, Singapore, Hong Kong, Indonesia and Malaysia are higher. Bucking the trend, Taiwan, South Korea and China are sluggish.

Straits Times up by 18.72 points or 0.72% to 2,613.25,Hang Seng rose by 93.58 points or 0.37% to 25,151.52, Jakarta Composite widened by 43.76 points, 0.86% to 5,153.95, and FTSE Bursa Malaysia KLCI higher 10.45 points or 0.66% to 1,597.43.

On the flip side, Taiwan Weighted down 68.42 points or 0.55% to 12,404.85, KOSPI Index dipped by 20.02 points or 0.90% to 2,208.64, Shanghai slumped 39.62 points or 1.19% to 3,293.54.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: