Asian markets settle mostly lower on Wednesday

16 Aug 2023 Evaluate

Asian markets settled mostly down on Wednesday, tracking Wall Street’s fall overnight after stronger-than-expected US retail sales data stoked worries that interest rates could stay higher for longer. Japanese shares dropped amid rising uncertainties globally. Chinese shares declined sharply after data showed that China's house prices continued to decline in July, in a further sign of the property slowdown, while absence of meaningful stimulus measures from Beijing also weighed on investor sentiments. Meanwhile, a possible downgrade of several US lenders by Fitch Ratings also dented market sentiments.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,150.13	-26.05	-0.83
Hang Seng	18,329.30	-251.81	-1.37
Jakarta Composite	6,900.54	-14.56	-0.21
KLSE Composite	1,463.51	3.23	0.22
Nikkei 225	31,766.82	-472.07	-1.49
Straits Times	3,213.58	-19.16	-0.59
KOSPI Composite	2,525.64	-45.23	-1.79
Taiwan Weighted	16,446.78	-8.02	-0.05

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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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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.

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Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
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We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

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Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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