Asian markets end mostly down on Friday

05 Jul 2024 Evaluate

Asian markets ended mostly down on Friday. Chinese shares declined as China announced the next step in its anti-dumping investigation into European brandy imports, and as the European Commission's provisional tariffs on Chinese-made electric vehicles took effect. Meanwhile, investors were awaiting several Chinese data due next week, including CPI and PPI numbers for June and new yuan loans. Investors were also awaiting US job data for cues on the US Federal Reserve's future policy path. Japanese shares ended almost flat note, after touching record levels on the back of a weaker yen and expectations for earnings growth.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,949.93	-7.64	-0.26
Hang Seng	17,799.61	-228.67	-1.28
Jakarta Composite	7,253.37	32.48	0.45
KLSE Composite	1,611.02	-5.73	-0.35
Nikkei 225	40,912.37	-1.28	0.00
Straits Times	3,410.81	-29.07	-0.85
KOSPI Composite	2,862.23	37.29	1.30
Taiwan Weighted	23,556.59	34.06	0.14

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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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Clear Buy-Sell-Hold, and Position-sizing frameworks

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