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Asian markets settle down on Monday

16 Oct 2023 Evaluate
Asian markets settled down on Monday amid fears over an escalating war in the Middle East. Israeli Prime Minister Benjamin Netanyahu's office denied reports of any temporary Gaza ceasefire to allow foreign nationals to flee the enclave to neighboring Egypt. Chinese shares declined even after China’s central bank ramped up liquidity support to shore up a wobbly economy. Japanese shares led losses ahead to the release of inflation data this week for directional cues. Meanwhile, investors are also awaiting key economic data in China and the US Federal Reserve Chairman Jerome Powell's speech due this week.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,073.81

-14.29

-0.46

Hang Seng

17,640.36

-173.09

-0.98

Jakarta Composite

6,896.29

-30.49

-0.44

KLSE Composite

1,438.96

-5.18

-0.36

Nikkei 225

31,659.03

-656.96

-2.08

Straits Times

3,163.89

-21.90

-0.69

KOSPI Composite

2,436.24

-19.91

-0.82

Taiwan Weighted

16,652.24

-130.33

-0.78


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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

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