Asian markets settle mostly lower on Thursday

20 Jul 2023 Evaluate

Asian markets settled mostly lower on Thursday as investors were cautiously awaiting cues from the upcoming US Federal Reserve’s interest rate decision next week. Chinese shares declined as the Chinese government's pledge to support the private economy failed to impress investors, while sliding tech shares also dragged the broader market lower. Moreover, Japanese shares dropped ahead of earnings season in Japan. However, some losses were capped by Wall Street’s overnight gains after better-than-expected quarterly earnings reports from a spate of banks and other big companies.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,169.52	-29.32	-0.93
Hang Seng	18,928.02	-24.29	-0.13
Jakarta Composite	6,864.19	33.99	0.50
KLSE Composite	1,406.69	3.66	0.26
Nikkei 225	32,490.52	-405.51	-1.25
Straits Times	3,274.38	-0.86	-0.03
KOSPI Composite	2,600.23	-8.01	-0.31
Taiwan Weighted	17,164.89	48.45	0.28

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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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