MoneyWorks4Me

Asian markets settle lower on Monday

28 Nov 2022 Evaluate
Asian markets settled lower on Monday, with decline in Chinese shares on concerns over protests in China against Covid-19 curbs and its impact on the world's second-largest economy. Japanese shares dropped by tracking mixed cues from Wall Street last Friday in a subdued holiday-curtailed session. Taiwan shares fell after Taiwan President Tsai Ing-wen resigned as the head of the ruling party after it suffered losses in a local election last week. Kospi shares weighed down, even as South Korea’s central bank and government rolled out additional support measures for the local credit market, including $1.86 billion repo operation by the Bank of Korea to be carried out in December.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,078.55-23.14-0.75

Hang Seng

17,297.94-275.64-1.57

Jakarta Composite

7,017.36-35.79-0.51

KLSE Composite

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Nikkei 225

28,162.83-120.20-0.42

Straits Times

3,240.06-4.49-0.14

KOSPI Composite

2,408.27-29.59-1.21

Taiwan Weighted

14,556.87-221.64-1.50

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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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