Asian markets settle mostly higher on Thursday

24 Aug 2023 Evaluate

Asian markets settled mostly higher on Thursday, despite weak August PMIs from major economies. Wall Street gains overnight ahead to the Federal Reserve's upcoming Jackson Hole symposium and blockbuster quarterly earnings from major chipmaker Nvidia Corp added support to market sentiments. Seoul shares gained after the Bank of Korea held interest rates steady as expected for a fourth straight month. Moreover, Japanese and Hong Kong shares climbed followed by gains in the technology sector.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,082.24	3.84	0.12
Hang Seng	18,212.17	366.25	2.01
Jakarta Composite	6,899.39	-22.02	-0.32
KLSE Composite	1,444.67	4.56	0.32
Nikkei 225	32,287.21	276.95	0.86
Straits Times	3,180.72	6.54	0.21
KOSPI Composite	2,537.68	32.18	1.27
Taiwan Weighted	16,770.87	193.97	1.16

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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.
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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

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