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Asian market finish in red on Friday

07 Jul 2023 Evaluate
Asian markets finish in red on Friday, as the strong US payroll data drummed jitters that US central bank tighten monetary policy more aggressively to curb inflation. Market sentiments also dulled with the US-Sino trade tensions over semiconductors, and mounting deflation concerns ahead to next week's China inflation data. Japan's Nikkei tumbled the most among Asian indices as investors sidelined from large position taking after sluggish household spending data, and as real wages reported slide for 14 th consecutive month. Nikkei fell 2.41% for the week, retreating from Monday's 33- year high finish.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,196.61

-8.96

-0.28

Hang Seng

18,365.70

-167.35

-0.91

Jakarta Composite

6,716.46

-40.87

-0.61

KLSE Composite

1,377.67

-8.28

-0.60

Nikkei 225

32,388.42

-384.60

-1.19

Straits Times

3,139.47

-10.96

-0.35

KOSPI Composite

2,526.71

-29.58

-1.17

Taiwan Weighted

16,664.21

-97.96

-0.59




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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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