Asian markets settle mostly lower on Friday

21 Apr 2023 Evaluate

Asian markets settled mostly lower in cautious trading on Friday in fears of a possible recession in this year. Overnight fall in Wall Street shares in reaction to weak economic data and a mixed bag of earnings from US companies also weighed on market sentiments. Chinese and Hong Kong shares dropped after China's uneven economic recovery and increasing Sino-US tensions kept sentiments bearish. Moreover, Japanese shares declined ahead to next week's Bank of Japan policy meeting for directional cues. Meanwhile, Japan’s core inflation for March came in at 3.1%, unchanged from February, data showed.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,301.26	-65.77	-1.99
Hang Seng	20,075.73	-321.24	-1.60
Jakarta Composite	--	--	--
KLSE Composite	--	-	-
Nikkei 225	28,564.37	-93.20	-0.33
Straits Times	3,321.82	8.41	0.25
KOSPI Composite	2,544.40	-18.71	-0.74
Taiwan Weighted	15,602.99	-104.53	-0.67

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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Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
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We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

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Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

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