Asian markets settle mostly higher on Tuesday

07 May 2024 Evaluate

Asian markets settled mostly higher on Tuesday, tracking Wall Street gains overnight amid solid first-quarter earnings reports and looming expectations that the US Federal Reserve will start cutting interest rates later this year. South Korea's Kospi rose as trading resumed after a long holiday weekend. Japanese markets marking a three-week closing high as the yen continued to weaken in spite of warnings from authorities that they would act in the event of volatility. Data showed Japanese service sector activity grew at the fastest pace in eight months in April. Meanwhile, China recorded high tourism figures during the Labour Day holiday, beating pre-pandemic levels and contributing major growth to consumption.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,147.74	7.02	0.22
Hang Seng	18,479.37	-98.93	-0.54
Jakarta Composite	7,123.61	-12.28	-0.17
KLSE Composite	1,605.68	8.29	0.52
Nikkei 225	38,835.10	599.03	1.54
Straits Times	3,300.04	-3.15	-0.10
KOSPI Composite	2,734.36	57.73	2.11
Taiwan Weighted	20,653.53	130.22	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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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.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
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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