Asian markets settle down on Monday

17 Jun 2024 Evaluate

Asian markets settled down on Monday on concerns over a possible delay in US interest-rate cuts. Minneapolis Federal Reserve President Neel Kashkari on Sunday said it's a reasonable prediction that the US Federal Reserve will cut interest rates once this year, waiting until December to do it. Moreover, political turmoil in Europe and China’s mixed economic data also added pressure on market sentiments. China's retail sales topped forecasts by rising 3.7% in May, but industrial output, home sales and fixed-asset investment all underwhelmed. Japanese shares declined as the BoJ's delay in normalization of policy fuelled concerns over the economic outlook.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,015.89	-16.74	-0.56
Hang Seng	17,936.12	-5.66	-0.03
Jakarta Composite	--	--	--
KLSE Composite	--	--	--
Nikkei 225	38,102.44	-712.12	-1.87
Straits Times	--	--	--
KOSPI Composite	2,744.10	-14.32	-0.52
Taiwan Weighted	22,496.53	-8.19	-0.04

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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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