Asian markets settle mostly down on Friday

21 Jun 2024 Evaluate

Asian markets settled mostly down on Friday due to higher US treasury yields and hawkish comments from Federal Reserve officials on the rate path. Minneapolis Fed President Neel Kashkari noted that it will probably take a year or two to get inflation back to the central bank's 2% target. Chinese shares declined after reports that Canada is preparing potential new tariffs on Chinese-made electric vehicles, while Chinese currency yuan continued to weaken on worries over rising geopolitical tensions between China and the West. Japanese shares dropped tracking losses in technology shares and reports showed that the inflation rate ticked higher for the first time in three months, to 2.5% in May, up from 2.2% in April. Moreover, Seoul shares fell on profit taking in tech and auto shares. However, some losses were limited as a slowing US economy boosted expectations of interest rate cuts by Federal Reserve later this year. Many traders are expecting two or more rate cuts from the Fed this year.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,998.14	-7.30	-0.24
Hang Seng	18,028.52	-306.80	-1.70
Jakarta Composite	6,879.98	60.66	0.88
KLSE Composite	1,590.37	-2.32	-0.15
Nikkei 225	38,596.47	-36.55	-0.09
Straits Times	3,306.02	6.02	0.18
KOSPI Composite	2,784.26	-23.37	-0.84
Taiwan Weighted	23,253.39	-152.71	-0.66

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.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.