Asian markets end mostly lower on Thursday

03 Aug 2023 Evaluate

Asian markets ended mostly lower on Thursday tracking Wall Street’s fall overnight with caution after a surprise downgrade of US debt rating by Fitch. Investors were awaiting cues from Friday's US jobs report for further information on the monetary policy of the US Federal Reserve, while upbeat US ADP job report revived fresh worries about the US Federal Reserve's plans for interest rates. Hong Kong shares declined on concerns over the health of the Chinese economy continued. Seoul shares fell on the back of foreign and institutional investors' selling. Chinese shares gained after a private survey showed improvement in China’s services sector. Meanwhile, Taiwan market was closed today as Typhoon Khanun approaches.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,280.46	18.77	0.57
Hang Seng	19,420.87	-96.51	-0.50
Jakarta Composite	6,898.08	43.57	0.63
KLSE Composite	1,441.85	-2.71	-0.19
Nikkei 225	32,159.28	-548.41	-1.71
Straits Times	3,304.06	-20.96	-0.63
KOSPI Composite	2,605.39	-11.08	-0.43
Taiwan Weighted		--	--

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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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