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Asian markets settle mostly down on Monday

26 Feb 2024 Evaluate
Asian markets settled mostly down on Monday on caution ahead of key inflation data from several economies during the week, while uncertainty over the timing of interest-rate cuts in the United States kept market sentiments cautious. Federal Reserve Bank of New York President John Williams said on Friday that the US economy is headed in the right direction and rate cuts will likely happen later this year. Seoul shares fell as South Korea’s much-hyped plan to push firms to improve management and corporate governance disappointed investors with a lack of enforcement and concrete details. Chinese shares declined sharply after 11 Chinese firms lost their credit ratings Friday at Moody's Investors Service. Meanwhile, investors were awaiting Chinese manufacturing data due this week.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,977.02

-27.86

-0.94

Hang Seng

16,634.74

-91.12

-0.55

Jakarta Composite

7,283.82

-11.28

-0.15

KLSE Composite

1,547.60

-1.51

-0.10

Nikkei 225

39,233.71

135.03

0.34

Straits Times

3,171.12

-13.79

-0.43

KOSPI Composite

2,647.08

-20.62

-0.78

Taiwan Weighted

18,948.05

58.86

0.31

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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