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Asian markets settle lower on Friday

11 Aug 2023 Evaluate
Asian markets settled lower on Friday amid growing concerns over a resurgence in trade tensions between the world’s largest economies after the US imposed new curbs to limit tech investment in China, that would hurt global supply chains. Chinese shares dropped after shares of China's largest developer Country Garden Holdings hit an all-time low after it issued a profit warning for the six months ended June. Meanwhile, Japanese market was closed owing to Mountain Day holiday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,189.25

-65.31

-2.05

Hang Seng

19,075.19

-173.07

-0.91

Jakarta Composite

6,879.98

-13.30

-0.19

KLSE Composite

1,457.16

-1.77

-0.12

Nikkei 225

--

--

--

Straits Times

3,294.28

-28.65

-0.87

KOSPI Composite

2,591.26

-10.30

-0.40

Taiwan Weighted

16,601.25

-33.45

-0.20




About MoneyWorks4Me

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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