SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets end mostly lower on Wednesday

28 Feb 2024 Evaluate
Asian markets ended mostly lower on Wednesday with caution ahead of the release of US and Eurozone inflation readings as well as Chinese PMI data this week. Meanwhile, persisting worries over interest rate cuts also weighed on market sentiments. Investors will be also looking out for comments from Federal Reserve officials, which could offer fresh insights into the US central bank's interest rate cut outlook. Chinese and Hong Kong shares sank due to increased concerns over China's beleaguered property market, with Country Garden Holdings grappled with a liquidation petition in a Hong Kong court over its failure to repay a 1.6 billion Hong Kong dollars loan. However, Seoul shares gained as South Korea's market watchdog chief warned that firms could face penalties for failing to boost shareholder returns in the long run. Moreover, Japanese shares declined on speculation about BoJ policy shift. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,957.85

-57.63

-1.95

Hang Seng

16,536.85

-253.95

-1.54

Jakarta Composite

7,328.64

43.32

0.59

KLSE Composite

1,545.59

-13.21

-0.85

Nikkei 225

39,208.03

-31.49

-0.08

Straits Times

3,138.93

-18.39

-0.59

KOSPI Composite

2,652.29

27.24

1.03

Taiwan Weighted

--

--

--

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:

×