SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian Markets trade mixed in early deals on Thursday

20 May 2021 Evaluate
Asian equity benchmarks traded mixed in early deals on Thursday, as the nagging concerns over global economic health with the inflation fears, potential curbs on monetary stimulus and the accelerating covid cases in the region dulled market sentiments. High volatility of bitcoin and cryptocurrency which tumbled and then soared by about 30% on Wednesday also added caution in the market. Investors also digested China’s attempts to rein in raw material prices and the intensifying conflicts between US and China. Technological and financial stocks were mostly higher, while travel stocks, energy and miners were in weaker note. Japan’s Nikkei rebounded from its negative opening due to bargain buying after huge losses in the previous session after local core machine orders, imports, exports and trade balance data. The Japanese economy shrank more than expected in the first three months of 2021, with the stronger pandemics and slow pace of country's vaccination rollout. Among the Asian markets, Japan, Singapore, Indonesia and Malaysia are advancing. On the flip side, Taiwan, Hong Kong, South Korea and China are in negative pace.

Nikkei 225 up by 4.70 points or 0.02% to 28,049.15, Straits Times rose 8.70 points or 0.28% to 3,112.91, Jakarta Composite increased by 43.08 points or 0.75% to 5,803.66 and FTSE Bursa Malaysia KLCI lifted by 1.10 points 0.07% to 1,581.62.

Bucking the trend, Taiwan Weighted declined 61.59 points or 0.38% to 16,071.07, Hang Seng dropped by 199.79 points or 0.70% to 28,394.02, KOSPI lower 16.79 points or 0.53% to 3,156.26, and Shanghai Composite narrowed by 10.10 points or 0.29% to 3,500.86.

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:

×