Asian markets settle mostly down on Tuesday

30 Jul 2024 Evaluate

Asian markets settled mostly down on Tuesday ahead of slew of central bank policy meetings in Japan, the United States, and UK and mega-cap US tech earnings this week. Many investors were expecting no change in interest rates for July by US Federal reserve. Market sentiments weakened further as Germany reported that its economy contracted in the last quarter. Chinese and Hong Kong shares dropped ahead of Chinese factory activity data due this week. Although, Japanese shares gained after data showed Japan’s jobless rate dipped to 2.5% in June from 2.6% in the previous month, marking the first improvement in five months.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,879.30	-12.55	-0.44
Hang Seng	17,002.91	-235.43	-1.38
Jakarta Composite	7,241.86	-47.04	-0.65
KLSE Composite	1,611.94	-12.62	-0.78
Nikkei 225	38,525.95	57.32	0.15
Straits Times	3,441.77	-2.41	-0.07
KOSPI Composite	2,738.19	-27.34	-1.00
Taiwan Weighted	22,223.57	59.08	0.27

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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
Quality-at-Reasonable-Price way of investing in stocks
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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

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