Asian markets settle mostly lower on Thursday

17 Aug 2023 Evaluate

Asian markets settled mostly lower on Thursday tracking Wall Street’s overnight fall after Fed's July meeting minutes showed some officials still saw the need for more interest rates to curb stubborn inflation. Japanese shares dropped as speculation for the government's intervention to curb the yen's weakness dented investors' appetite for risk. Hong Kong shares ended flat on deepening property sector crisis. Meanwhile, mounting concerns about the Chinese economy also dampened sentiments. However, Chinese shares gained on hopes of more stimulus measures to boost economic growth.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,163.74	13.61	0.43
Hang Seng	18,326.63	-2.67	-0.01
Jakarta Composite	--	--	--
KLSE Composite	1,447.98	-15.53	-1.06
Nikkei 225	31,626.00	-140.82	-0.45
Straits Times	3,196.75	-16.83	-0.53
KOSPI Composite	2,519.85	-5.79	-0.23
Taiwan Weighted	16,516.66	69.88	0.42

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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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Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
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