Asian markets settle mostly lower on Monday

17 Jul 2023 Evaluate

Asian markets settled mostly lower on Monday tracking last Friday’s mixed finish on Wall Street shares, despite expectations for an imminent end to US interest rate hikes. Meanwhile, Hong Kong markets were remained shut due to a warning issued for Typhoon Talim, and Japanese markets were closed for Marine Day. China's Shanghai Composite index declined as weak Chinese GDP data fuelled concerns about recovery in the world's second-largest economy. Data showed China's 6.3% GDP growth for the second quarter marked a 0.8% pace of growth from the first quarter, slower than the 2.2% quarter-on-quarter pace recorded in the first three months of 2023.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,209.63	-28.07	-0.87
Hang Seng	--	--	--
Jakarta Composite	6,867.14	-2.43	-0.04
KLSE Composite	1,406.10	-5.99	-0.42
Nikkei 225	--	--	--
Straits Times	3,254.43	5.80	0.18
KOSPI Composite	2,619.00	-9.30	-0.36
Taiwan Weighted	17,334.29	50.58	0.29

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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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