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Asian markets settle mostly lower on Monday

18 Sep 2023 Evaluate
Asian markets settled mostly lower on Monday tracking Wall Street’s deep losses last Friday in line with caution ahead of key monetary policy decisions by the US Federal Reserve, Bank of Japan as well as Bank of England. Moreover, persistent concerns about the health of the property sector dragged on Hong Kong shares. However, stronger than expected Chinese economic data and the latest Chinese lenders' RRR cut provided some support to Chinese market. Meanwhile, Japanese market was closed for a holiday on ‘Respect for the Aged Day’.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,125.93

8.19

0.26

Hang Seng

17,930.55

-252.34

-1.41

Jakarta Composite

6,936.08

-46.71

-0.67

KLSE Composite

1,457.99

-1.04

-0.07

Nikkei 225

-

-

-

Straits Times

3,263.39

-17.30

-0.53

KOSPI Composite

2,574.72

-26.56

-1.03

Taiwan Weighted

16,698.24

-222.68

-1.33




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.

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