Asian markets settle mostly higher on Monday

03 Jun 2024 Evaluate

Asian markets settled mostly higher on Monday as soft US inflation data kept the door open for the US Federal Reserve to cut interest rates later in the year. Hong Kong and South Korean shares gained, led by technology shares after Nvidia Corporation unveiled a new line of artificial intelligence chips. A survey showed South Korea's factory activity expanded in May at the fastest pace in two years. Japan shares rose after a survey revealed the health of Japan's manufacturing economy improved for the first time in a year during May. However, Chinese shares ended with marginal cut even as China's factory activity grew the fastest in about two years in May due to production gains and new orders.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,078.49	-8.32	-0.27
Hang Seng	18,403.04	323.43	1.76
Jakarta Composite	7,036.19	65.45	0.93
KLSE Composite	--	--	--
Nikkei 225	38,923.03	435.13	1.12
Straits Times	3,348.87	12.28	0.37
KOSPI Composite	2,682.52	46.00	1.71
Taiwan Weighted	21,536.76	362.54	1.68

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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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