SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets trade mostly higher in early deals on Tuesday

28 May 2024 Evaluate
Most of Asian markets traded higher in early deals on Tuesday, supported by the technology sector stock rally followed by the bold move from Beijing to launch $47.5 billion in chip investment funds. Chinese semiconductor stocks rallied after Beijing announced its third state-backed investment fund, the biggest among the three. Hang Seng advanced for the second straight session with the optimism after China trimmed down-payment ratios and the minimum mortgage threshold, following through on the central government’s help for the property sector. Bucking the trend, Japan retreated with the worries over prolonged elevated interest rates. Positive local currency yen also pressured the third currency investments.

Straits Times up by 12.01 points 0.36% to 3,330.46, Hang Seng rose by 107.39 points 0.57% to 18,934.74, Taiwan Weighted buoyed by 87.67 points or 0.40% to 21,891.44, KOSPI Index lifted by 1.66 points or 0.06% to 2,724.65, Jakarta Composite edged up by 86.94 points or 1.21% to 7,263.36 and Shanghai Composite added by 0.19 points or 0.01% to 3,124.23. 

On the flip side, Nikkei 225 down by 61.40 points 0.16% to 38,838.62, and FTSE Bursa Malaysia KLCI narrowed by 2.71 points or 0.17% to 1,615.56.

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

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

MoneyWorks4Me ensures this through:

×