Asian markets settle mostly down on Friday

07 Jun 2024 Evaluate

Asian markets settled mostly down on Friday ahead of key US jobs data due later in the day that could influence the timing and pace of Fed rate cuts. Japanese shares declined marginally with speculation that the Bank of Japan might drop clues on bond tapering plan when authorities meet next week. However, Chinese shares gained marginally after the release of mixed trade data. China's exports posted an annual growth of 7.6% following a 1.5% rise in April, while China's total imports grew 1.8% on-year in May down from the 8.4% surge recorded in April.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,051.28	2.49	0.08
Hang Seng	18,366.95	-109.85	-0.60
Jakarta Composite	6,897.95	-76.95	-1.12
KLSE Composite	1,617.86	3.13	0.19
Nikkei 225	38,683.93	-19.58	-0.05
Straits Times	3,330.77	-0.04	--
KOSPI Composite	2,722.67	33.17	1.22
Taiwan Weighted	21,858.38	-44.32	-0.20

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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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