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Asian markets settle mostly lower on Monday

18 Dec 2023 Evaluate
Asian markets settled mostly lower on Monday tracking a mixed Wall Street performance last Friday after New York Fed President John Williams pushed back against market bets of multiple rate cuts next year, reiterating the US Fed remains focused on bringing inflation down to its 2% target. Meanwhile, global investors were awaiting a key US inflation reading due later this week for more clarity on the US Federal Reserve’s interest rate path. Japanese shares declined with caution ahead of the conclusion of a key policy meeting by the Bank of Japan. Moreover, Chinese and Hong Kong markets fell due to renewed selling of property shares after China South City Holdings warned it can't pay interest due Wednesday as it races to win support from creditors to extend dollar bond deadlines.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,930.80

-11.76

-0.40

Hang Seng

16,629.23

-162.96

-0.98

Jakarta Composite

7,119.52

-71.47

-1.00

KLSE Composite

1,465.28

2.83

0.19

Nikkei 225

32,758.98

-211.57

-0.65

Straits Times

3,113.23

-3.28

-0.11

KOSPI Composite

2,566.86

3.30

0.13

Taiwan Weighted

17,652.03

-21.84

-0.12



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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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