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Asian markets settle higher on Monday

06 Nov 2023 Evaluate
Asian markets settled higher on Monday tracking Wall Street’s gains last Friday as weak US jobs, slowdown in US service sector activity data and an uptick in US unemployment eased worries about further interest rate hikes by the US Federal Reserve. Chinese shares jumped as Beijing stepped up efforts to stabilise markets, while investors awaiting Chinese trade and inflation figures due later this week. Moreover, Japanese shares gained after BOJ governor Kazuo Ueda said the country was making progress toward stable inflation.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,058.41

27.61

0.90

Hang Seng

17,966.59

302.47

1.68

Jakarta Composite

6,878.84

89.99

1.31

KLSE Composite

1,464.67

14.74

1.02

Nikkei 225

32,708.48

758.59

2.32

Straits Times

3,180.53

36.87

1.16

KOSPI Composite

2,502.37

134.03

5.36

Taiwan Weighted

16,649.36

141.71

0.85


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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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