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Asian markets settle lower on Friday

10 Mar 2023 Evaluate
Asian markets settled lower on Friday ahead of important US jobs data due later in the day for more cues on US monetary policy. Market sentiments declined further by tracking fall in Wall Street shares overnight following Silicon Valley Bank's surprise decision to sell much of its bond portfolio at a $1.8 billion loss that prompted concerns about the value of US banks' bond portfolios. Seoul shares declined after data showed South Korea logged a record high current account deficit in January. Moreover, Japanese shares fell as BoJ kept its controversial yield curve control program unchanged ahead of a leadership transition in April.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,230.08-46.01-1.42

Hang Seng

19,319.92-605.82-3.14

Jakarta Composite

6,765.30-34.50-0.51

KLSE Composite

1,433.08

-16.45-1.13

Nikkei 225

28,143.97-479.18-1.70

Straits Times

3,177.43-37.08-1.17

KOSPI Composite

2,394.59

-24.50-1.02

Taiwan Weighted

15,526.20-244.46-1.57

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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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