Asian markets settle mostly down on Monday

08 Jul 2024 Evaluate

Asian markets settled mostly down on Monday with caution ahead to the release of US and Chinese inflation figures as well as Fed Chair Jerome Powell's congressional testimony due this week for additional clues on the Fed's monetary policy path. Meanwhile, a potential political deadlock in France after exit polls suggested that no party will likely win a clear majority in the parliamentary elections, also weighed on market sentiments. Chinese shares declined as investors braced for one of the country's biggest annual policy meetings. Japanese shares retreated as investors took profits following a multi-day rally, while data showed real wages in the country fell for a 26th straight month.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,922.45	-27.48	-0.93
Hang Seng	17,524.06	-275.55	-1.57
Jakarta Composite	7,250.98	-2.39	-0.03
KLSE Composite	--	--	--
Nikkei 225	40,780.70	-131.67	-0.32
Straits Times	3,404.47	-6.34	-0.19
KOSPI Composite	2,857.76	-4.47	-0.16
Taiwan Weighted	23,878.15	321.56	1.35

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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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