Asian markets settle mostly higher on Friday

10 May 2024 Evaluate

Asian markets settled mostly higher on Friday as cooling US labour market revived hopes for US interest rate cuts this year. Data showed that US Initial Jobless Claims for the week ended May 4 rose to 231000 from the previous week of 209000, higher than the market consensus of 210000. Investors were awaiting next week's crucial US inflation data that could provide cues on the Fed's interest rate trajectory. Japanese shares gained by tracking Wall Streets’ gains overnight. Hong Kong shares gained after reports that regulators are considering a proposal to exempt individual investors from paying taxes on dividends earned from Hong Kong shares bought via Stock Connect. Chinese shares ended on a flat note amid optimism around economic recovery and after reports that US President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,154.55	0.23	0.01
Hang Seng	18,963.68	425.87	2.25
Jakarta Composite	--	--	--
KLSE Composite	1,600.67	-0.55	-0.03
Nikkei 225	38,229.11	155.13	0.41
Straits Times	3,290.70	24.75	0.75
KOSPI Composite	2,727.63	15.49	0.57
Taiwan Weighted	20,708.84	148.07	0.72

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

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.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

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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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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