SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets end higher on Friday

21 Aug 2020 Evaluate

Asian markets ended higher on Friday on expectations for a corona virus vaccine, with Pfizer Inc and BioNTech SE stating that they are on track to seek regulatory review for their corona virus vaccine candidate as early as October 2020. Investors' sentiment also improved further in tracking a technology stocks-driven rally on Wall Street in which the Nasdaq Composite index hit a record high. China and the United States have agreed to hold trade talks in the coming days to evaluate the Phase One trade deal’s progress, helped to outweigh downbeat US jobless claims data released overnight. The US Labor Department said initial jobless claims for the week ending August 15 came in at 1.106 million. Chinese shares closed higher ahead of the implementation of reforms measures for Shenzhen's start-up board ChiNext. Seoul stocks ended sharply higher after data showed South Korean exports contracted by a smaller percentage in the first 20 days of August than in July. Exports contracted 7 percent from a year earlier in the period, versus a drop of 13 percent in the same period in July. While, imports declined 12.8 percent year-on-year in the first 20 days of August.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,380.68
16.78
0.50

Hang Seng

25,113.84
322.45
1.30

Jakarta Composite

-

-

-

KLSE Composite

1,577.12

1.74

0.11

Nikkei 225

22,920.30
39.68
0.17

Straits Times

2,528.54
0.62
0.02

KOSPI Composite

2,304.59
30.37
1.34

Taiwan Weighted

12,607.84
245.20
1.98

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: