SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets trade mostly higher in early deals on Tuesday

06 Feb 2024 Evaluate
Asian markets traded mostly higher in early deals on Tuesday, whetted by bargain hunting after equities in the market sank after Federal Reserve Chair Jerome Powell further dashed interest rate cut expectations followed by better-than-expected US ISM Services PMI and jobs data. Additionally, hopes for more forceful and concrete policy measures by Chinese authorities also lifted investor sentiments. However, some gains remained capped amid caution ahead of the release of China's inflation data for January later this week, with concerns about deflation risks mounting. Hang Seng rallied snapping two-day losses, marking the best performer of the day the most among Asian indices. Bucking the trend, Japan’s Nikkei, retreated in the session tracking losses on Wall Street overnight.

Hang Seng up 380.88 points 2.40% to 15,890.89, Shanghai Composite widened by 70.55 points or 2.61% to 2,772.74, Jakarta Composite lifted by 29.18 points or 0.40% to 7,227.80 and FTSE Bursa Malaysia KLCI buoyed by 0.65 points or 0.04% to 1,511.99.

On the flip side, Nikkei 225 down by 98.95 points or 0.27% to 36,255.21, Straits Times dippd 9.94 points 0.32% to 3,124.35, and KOSPI Index narrowed 20.44 points or 0.79% to 2,570.87.

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.

MoneyWorks4Me ensures this through:

×