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Asian markets settle mixed on Tuesday

01 Aug 2023 Evaluate
Asian markets settled mixed on Tuesday with caution ahead of corporate earnings and key economic data from the United States in the coming days for additional clues on the interest rate outlook. China’s factory activity remained in contraction territory for a fourth straight month, according to the Caixin survey compiled by S&P Global. Hong Kong shares dropped in line with fresh concerns about the health of the property sector. However, Japanese shares gained by the yen's depreciation against the US dollar following Bank of Japan's decision last week to tweak its yield control curve policy, while reports showed that unemployment rate fell for the first time in two months in June.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,290.95

-0.09

0.00

Hang Seng

20,011.12

-67.82

-0.34

Jakarta Composite

6,886.50

-44.86

-0.65

KLSE Composite

1,451.24

-8.19

-0.56

Nikkei 225

33,476.58

304.36

0.91

Straits Times

3,373.79

-0.19

-0.01

KOSPI Composite

2,667.07

34.49

1.29

Taiwan Weighted

17,212.87

67.44

0.39


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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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