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Asian markets settle mostly down on Monday

19 Dec 2022 Evaluate
Asian markets settled mostly down on Monday tracking Wall Street losses last Friday along with worries that further policy tightening by the Federal Reserve could result in a global recession next year. Chinese shares tumbled amid uncertainty over China's economic reopening, despite China's top leaders pledged to revive domestic consumption and support the real estate market. Moreover, Japanese shares plummeted due to selling pressure, with renewed speculation that the Bank of Japan could tighten its ultra-loose monetary policy amid rising inflationary pressures.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,107.12-60.74-1.92

Hang Seng

19,352.81-97.86-0.50

Jakarta Composite

6,779.70-32.49-0.48

KLSE Composite

1,477.09-1.45-0.10

Nikkei 225

27,237.64-289.48-1.05

Straits Times

3,256.6115.800.49

KOSPI Composite

2,352.17-7.85-0.33

Taiwan Weighted

14,433.32-95.23-0.66

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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