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Asian markets settle down on Monday

20 Mar 2023 Evaluate
Asian markets settled down on Monday driven by Wall Street’s fall last Friday with concerns about turmoil in the US banking sector and caution ahead of the US Federal Reserve meeting this week. Meanwhile, the US Federal Reserve is expected to deliver 25 basis point rate hike in light of easing inflationary pressures. Chinese shares declined as the country's central bank PBoC left its interest rates unchanged, but cut the CRR by 25 basis points to stimulate its economy. Moreover, Japanese shares dropped, despite a weekend rescue deal for Swiss lender Credit Suisse.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,234.91-15.64-0.48

Hang Seng

19,000.71-517.88-2.73

Jakarta Composite

6,612.49-65.75-0.99

KLSE Composite

1,401.81

-9.92-0.70

Nikkei 225

26,945.67-388.12-1.44

Straits Times

3,139.76-43.52-1.39

KOSPI Composite

2,379.20

-16.49-0.69

Taiwan Weighted

15,419.97-32.99-0.21


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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