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Asian markets trade in red in early deals on Thursday

26 Oct 2023 Evaluate
Asian markets traded in red in early deals of Thursday, due to risk aversion in the market following disappointing corporate earnings data, lingering Israel-Gaza war, soaring Treasury bond yield notes and caution about interest rate outlook ahead to crucial US economic data. Meanwhile, investors closely watched Chinese government’s plans to spend 1 trillion yuan in supplementary bonds for disaster relief and infrastructure enhancement effort. Japan’s Nikkei tumbled in the session with the sharp selloff in technological sector stocks in global markets.  

Nikkei 225 down by 647.66 points 2.07% to 30,622.26, Straits Times fell by 15.30 points or 0.50% to 3,063.48, Hang Seng narrowed 94.47 points or 0.56% to 16,990.86, Taiwan Weighted diminished 229.99 points or 1.41% to 16,128.90, KOSPI Index decreased 60.77 points or 2.57% to 2,302.40, Jakarta Composite declined by 109.70 points or 1.61% to 6,724.69 Shanghai Composite lower by 8.76 points or 0.30% to 2,965.35, and FTSE Bursa Malaysia KLCI was down by 1.00 points or 0.07% to 1,441.51.

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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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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