Asian markets settle mostly higher on Thursday

04 May 2023 Evaluate

Asian markets settled mostly higher on Thursday, with Chinese and Hong Kong shares gained after data showed China's tourism rebounded to pre-Covid-19 levels in the Labour Day holidays. Market sentiments improved further, despite of overnight fall in US shares after the US Federal Reserve hiked interest rates by 25-points and hinted at a potential pause the rate hike cycle ahead. Fed Chair Jerome Powell said inflation remains too high and it is too soon to say rate-hike cycle is over. After the Federal Reserve’s rate hike, the Hong Kong Monetary Authority has raised its base rate by 25 basis points to 5.50% -- its highest since January 2008. Meanwhile, Japanese market was closed on account of Greenery Day holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,350.46	27.19	0.82
Hang Seng	19,948.73	249.57	1.27
Jakarta Composite	6,844.03	31.31	0.46
KLSE Composite	--	--	--
Nikkei 225	--	--	--
Straits Times	3,269.18	7.17	0.22
KOSPI Composite	2,500.94	-0.46	-0.02
Taiwan Weighted	15,609.03	55.62	0.36

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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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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.
Process—not predictions.
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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

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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