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Asian markets settle mostly down on Friday

19 Jul 2024 Evaluate
Asian markets settled mostly down on Friday due to speculation over a second Donald Trump presidency, persisting concerns over the US-China trade war, and China’s Third Plenum failed to provide any details on further stimulus measures to shore up its economy. Japanese shares fell, even as semiconductor shares rebounding from recent string of losses. Japanese market tracked Wall Street’s declines overnight, while Japanese government cut this year's growth forecast as consumption took a hit from rising import costs due to a weak yen that highlighted the fragile nature of the economic recovery.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,982.31

5.18

0.17

Hang Seng

17,414.07

-364.34

-2.09

Jakarta Composite

7,294.50

-26.57

-0.36

KLSE Composite

1,636.55

2.74

0.17

Nikkei 225

40,063.79

-62.56

-0.16

Straits Times

3,447.56

-23.60

-0.68

KOSPI Composite

2,795.46

-28.89

-1.03

Taiwan Weighted

22,869.26

-529.21

-2.31


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.

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