SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets trade lower on weaker than expected Chinese PMI

01 Feb 2013 Evaluate

Most of the Asian equity indices were trading in the negative terrain as sentiments got dampened after China manufacturing data missed estimates. China’s official purchasing managers’ index (PMI) came in at 50.4 in January, slightly lower than December’s 50.6 but still indicating an expansion in activity. The data will be followed by trade and inflation figures at the end of next week. However, weaker yen continued to boost Japanese stocks. The Japanese currency fell more than 5 per cent against the greenback in January alone.

Shanghai Composite slipped 0.40 points or 0.02% to 2,385.02, Hang Seng declined 105.01 points or 0.44% to 23,624.52, Straits Times dropped 2.18 points or 0.07% to 3,280.48, KOSPI Composite decreased 5.78 points or 0.29% to 1,956.16 and Taiwan Weighted was down by 5.81 points or 0.07% to 7,844.21.

On the flip side, Jakarta Composite surged 55.81 points or 1.25% to 4,509.52 and Nikkei 225 was up by 43.50 points or 0.39% to 11,182.16.

KLSE Composite remained close for trade today.

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:

×