Asian markets settle mostly higher on Thursday

02 Nov 2023 Evaluate

Asian markets settled mostly higher on Thursday tracking Wall Street gains overnight after comments from US Fed Chair Jerome Powell suggested that interest rate hikes were done. The US Federal Reserve again held its benchmark interest rates steady as widely expected amid a backdrop of a growing economy and labour market. Japanese shares gained on hopes that US yields may have peaked. Seoul shares rallied even after data showed South Korean consumer inflation accelerated for a third straight month to reach a seven-month high in October.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,009.41	-13.67	-0.45
Hang Seng	17,230.59	128.81	0.75
Jakarta Composite	6,751.39	108.97	1.61
KLSE Composite	1,439.77	4.44	0.31
Nikkei 225	31,949.89	348.24	1.09
Straits Times	3,082.49	5.72	0.19
KOSPI Composite	2,343.12	41.56	1.77
Taiwan Weighted	16,396.95	358.39	2.19

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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.
Process—not predictions.
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We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

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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

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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