Asian markets settle mostly lower on Thursday

20 Apr 2023 Evaluate

Asian markets settled mostly lower on Thursday, followed by another set of reports of mixed corporate earnings from top companies in the United States including Netflix, Travelers and Morgan Stanley. Market sentiments also remained weak on rate hike worries after Federal Reserve Bank of New York President John Williams said inflation is still too high and the US Federal Reserve will use all its monetary policy tools to restore price stability. Moreover, Chinese shares declined marginally after the country's central bank PBoC kept its key lending rates steady. Indonesian market was closed for Eid-al-Fitr holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,367.03	-3.10	-0.09
Hang Seng	20,396.97	29.21	0.14
Jakarta Composite	--	--	--
KLSE Composite	1,422.11	-2.96	-0.21
Nikkei 225	28,657.57	50.81	0.18
Straits Times	3,313.41	-10.64	-0.32
KOSPI Composite	2,563.11	-11.97	-0.47
Taiwan Weighted	15,707.52	-62.95	-0.40

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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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