Asian markets settle mostly lower on Thursday

31 Aug 2023 Evaluate

Asian markets settled mostly lower on Thursday with caution ahead to upcoming inflation readings in Europe and the United States for additional clues on the US Fed's future monetary tightening plans. Chinese shares declined after China’s official data showed manufacturing activity in the country shrank for a fifth straight month in August and non-manufacturing growth also slowed. Seoul shares dropped after data showed South Korea’s factory output declined again in July to reach its longest stretch of declines in decades. However, Japanese shares improved by tracking overnight gains on Wall Street.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,119.88	-17.26	-0.55
Hang Seng	18,382.06	-100.80	-0.55
Jakarta Composite	6,953.26	-13.40	-0.19
KLSE Composite	--	--	--
Nikkei 225	32,619.34	285.88	0.88
Straits Times	3,233.30	13.08	0.40
KOSPI Composite	2,556.27	-4.95	-0.19
Taiwan Weighted	16,634.51	-85.31	-0.51

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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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