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Asian markets trade mostly lower in early deals of Tuesday

26 Mar 2024 Evaluate
Most of the Asian markets traded lower in early deals of Tuesday, saddled by the risk aversion in the market ahead to release of US PCE price index report, Japanese unemployment, retail sales as well as industrial production figures, and China’s manufacturing as well as services numbers. Looming economic health concerns in China amid lack of fresh catalysts also saddled investor confidence. Japan’s Nikkei turned negative with the sell-off in Wall Street overnight. Investments also got pressured with the firmer local currency yen.

Nikkei 225 down by 65.67 points 0.16% to 40,348.45, Hang Seng declined by 12.53 points 0.08% to 16,461.11, Taiwan Weighted narrowed 48.31 points or 0.24% to 20,143.94, Jakarta Composite dipped by 26.76 points or 0.36% to 7,351.00, Shanghai Composite decreased by 11.41 points or 0.38% to 3,014.90, 

On the flip side, Straits Times up 27.05 points 0.85% to 3,225.15, KOSPI Index higher 20.81 points or 0.76% to 2,758.38, and FTSE Bursa Malaysia KLCI rose by 0.05 points or 0.001% to 1,537.59.

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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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