Asian markets settle mostly down on Thursday

27 Jun 2024 Evaluate

Asian markets settled mostly down on Thursday with caution ahead of the release of US PCE inflation data on Friday that could provide more cues over the start of the Fed’s rate-cutting cycle. Meanwhile, investors were also awaiting a major US presidential debate in Atlanta later in the day. Seoul shares declined after investors' disappointment on Micron Technology's earnings results. Further, Chinese shares fell after data showed a sharp slowdown in industrial profit growth in May. Japanese shares declined after the yen's slide past 160-per-dollar prompted fears of government intervention and despite data that showed Japan's retail sales rose more than expected in May.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,945.85	-26.68	-0.90
Hang Seng	17,716.47	-373.46	-2.06
Jakarta Composite	6,967.95	62.31	0.90
KLSE Composite	1,584.94	-6.01	-0.38
Nikkei 225	39,341.54	-325.53	-0.82
Straits Times	3,343.35	11.65	0.35
KOSPI Composite	2,784.06	-7.99	-0.29
Taiwan Weighted	22,905.98	-80.71	-0.35

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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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Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
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Investing in stocks, mutual funds, debt, and gold
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Periodic review and rebalancing
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