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Asian markets end mostly lower on Thursday

24 Sep 2020 Evaluate

Asian markets ended mostly lower on Thursday, following sell-off on Wall Street overnight on renewed concerns over slowing global economic recovery due to resurgence of corona virus pandemic infections. Further, uncertainties surrounding the US presidential elections and economic warnings from US Federal Reserve officials also dampened investor sentiment. 'The US economy is recovering very robustly, but we are still in a deep hole,' said US Federal Vice Chairman Richard Clarida. South Korean shares plunged to hit over one-month low as tensions on the Korean Peninsula reignited and after reports that South Korea’s defense ministry said North Korea had killed a missing official from the South earlier this week. It marked the first time since July 2008 that a South Korean civilian has been shot dead in North Korea.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,223.18

-56.53

-1.72

Hang Seng

23,311.07

-431.44

-1.82

Jakarta Composite

4,842.76

-75.20

-1.53

KLSE Composite

1,500.80

4.32

0.29

Nikkei 225

23,087.82

-258.67

-1.11

Straits Times

2,450.82

-30.32

-1.22

KOSPI Composite

2,272.70

-60.54

-2.59

Taiwan Weighted

12,264.38

-319.50

-2.54

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.

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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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