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Asian market finish mostly lower on Monday

06 Feb 2023 Evaluate
Asian markets finished mostly lower on Monday as the investments got saddled as the unexpected surge in US employment fanned fears about more interest rate hikes by Federal Reserve. Moreover, investment got dulled as the alleged spy balloon incident spooked concerns about new sanctions against Chinese companies. Hang Seng Stocks plunged maximum among Asian indices, posts its third straight sessional loss as the Chinese economy rebound bets tumbled with the new geo-political tensions between US and China. Stock Market of Malaysia was closed for Thaipusam holiday.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,238.70-24.71-0.76

Hang Seng

21,222.16-438.31-2.07

Jakarta Composite

6,873.79-37.94-0.55

KLSE Composite

--

----

Nikkei 225

27,693.65

184.190.67

Straits Times

3,385.931.640.05

KOSPI Composite

2,438.19

-42.21-1.73

Taiwan Weighted

15,392.82-209.84-1.36

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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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.

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