SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets settle mostly lower on Tuesday

24 May 2022 Evaluate

Asian markets settled mostly lower on Tuesday even after US President Joe Biden's comments that he was considering easing tariffs on Chinese goods. Market sentiments weakened further after social media platform Snap warned that it will miss earnings forecasts for the current quarter due to a faster than expected deterioration in macroeconomic conditions. Japanese shares slipped as a survey showed activity in the Japanese manufacturing sector grew at the slowest pace in three months in May amid supply bottlenecks, while Toyota announced a cut in its global production plan by one lakh in June amid chip crisis. Chinese shares settled lower after investment banks UBS Group and JPMorgan Chase downgraded their forecasts for China's economic growth this year. Hong Kong shares fell, led by declines from Chinese e-commerce giant Alibaba and video-sharing platform Kuaishou. Moreover, Seoul shares declined amid fears that the US central bank's tightening to curb inflation could hurt economic growth.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,070.93-75.93-2.41

Hang Seng

20,112.10-357.96-1.75

Jakarta Composite

6,914.1473.361.07

KLSE Composite

1,531.30-11.23-0.73

Nikkei 225

26,748.14-253.38-0.94

Straits Times

3,195.04-18.61-0.58

KOSPI Composite

2,605.87-41.51-1.57

Taiwan Weighted

15,963.63-192.78-1.19


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: