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Asian markets settle down on Tuesday

14 Mar 2023 Evaluate
Asian markets settled down on Tuesday as recession fears mounted following the Silicon Valley Bank collapse, while investors are awaiting US inflation data later in the day for clues on the path for interest rates. Japanese shares declined by tracking mixed US shares overnight. Moreover, Chinese and Hong Kong shares declined with caution after reports suggested that Chinese President Xi Jinping is planning to travel to Russia to meet with his counterpart Vladimir Putin as soon as next week.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,245.31-23.39-0.72

Hang Seng

19,247.96-448.01-2.33

Jakarta Composite

6,641.81-145.15-2.19

KLSE Composite

1,393.83

-28.00-1.97

Nikkei 225

27,222.04-610.92-2.24

Straits Times

3,129.75-2.62-0.08

KOSPI Composite

2,348.97

-61.63-2.62

Taiwan Weighted

15,360.42-200.07-1.30

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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