Asian markets settle mixed on Wednesday

20 Mar 2024 Evaluate

Asian markets settled mixed on Wednesday as investors digested the Bank of Japan’s move to end its negative interest rate policy at its March meeting, while awaiting the US Federal Reserve's policy meeting later in the day. Japanese markets were closed for Vernal Equinox Day holiday. Seoul shares gained as Samsung Electronics' shares spiked after reports that Nvidia unveiled the company's latest artificial intelligence chips. Chinese shares rose after China left benchmark lending rates unchanged at a monthly fixing on Wednesday, in line with market expectations. Data showing that the People's Bank of China held its one year and five-year loan prime rates steady at 3.45% and 3.95% respectively today after cutting the over-five-year rate by 25 basis points last month.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,079.69	16.93	0.55
Hang Seng	16,543.07	13.59	0.08
Jakarta Composite	7,331.13	-5.62	-0.08
KLSE Composite	1,535.79	-9.17	-0.59
Nikkei 225	--	--	--
Straits Times	3,177.48	3.93	0.12
KOSPI Composite	2,690.14	33.97	1.26
Taiwan Weighted	19,784.45	-72.75	-0.37

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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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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.

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Fiduciary-first advisory model.
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Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
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Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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