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Asian markets settle mostly down on Monday

14 Aug 2023 Evaluate
Asian markets settled mostly down on Monday tracking mixed finish of Wall Street last Friday after stronger than expected US producer price data, that fuelled concerns about the possibility of rising interest rates further in the United States. Chinese shares declined after leading property developer Country Garden faced a potential bankruptcy, while investors are awaiting Chinese retail sales, industrial output and investment data due on Tuesday. Moreover, Japanese shares tumbled ahead of gross domestic product for the second quarter due on Tuesday and inflation data on Friday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,178.43

-10.82

-0.34

Hang Seng

18,773.55

-301.64

-1.61

Jakarta Composite

6,910.17

30.19

0.44

KLSE Composite

1,457.00

-0.16

-0.01

Nikkei 225

32,059.91

-413.74

-1.29

Straits Times

3,247.70

-46.58

-1.43

KOSPI Composite

2,570.87

-20.39

-0.79

Taiwan Weighted

16,393.66

-207.59

-1.27


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.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: