Asian markets settle down on Wednesday

03 Apr 2024 Evaluate

Asian markets settled down on Wednesday following overnight declines in Wall Street as rally in commodities, positive US manufacturing activity and strong jobs data spurred speculation that the US central bank will keep interest rates higher for the time being. Meanwhile, investors were cautiously awaiting Fed Chair Jerome Powell's speech later in the day and the release of Friday's US non-farm payroll data for additional clarity on the timing and pace of Federal Reserve easing. Hong Kong shares dropped after a powerful earthquake in Taiwan raised concerns about possible disruptions to the vital chip-making industry. Moreover, Chinese shares declined even as a private survey data showed service sector activity in the country grew as expected in March.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,069.30	-5.66	-0.18
Hang Seng	16,725.10	-206.42	-1.23
Jakarta Composite	7,166.84	-70.14	-0.98
KLSE Composite	1,537.01	-10.98	-0.71
Nikkei 225	39,451.85	-387.06	-0.98
Straits Times	3,222.66	-25.06	-0.78
KOSPI Composite	2,706.97	-46.19	-1.71
Taiwan Weighted	20,337.60	-128.97	-0.63

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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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Investing in stocks, mutual funds, debt, and gold
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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