SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets settle mostly higher on Wednesday

14 Aug 2024 Evaluate
Asian markets settled mostly higher on Wednesday tracking Wall Street gains overnight due to signs of cooling inflation in the United States. Softer producer prices data fuelled bets that the US Federal Reserve will begin cutting interest rates soon, while investors are awaiting the US CPI report due later in the day. Japanese shares advanced and the yen stabilized after Japanese Prime Minister Fumio Kishida made the surprise announcement  that he would not run for re-election, paving the way for Japan to have a new leader in September. However, Chinese shares declined ahead of key retail sales, home prices and industrial production data on Thursday that might show the economy is still faltering. Meanwhile, New Zealand shares rallied sharply after the country's central bank slashed its benchmark rate for the first time since March 2020 and flagged more interest rate cuts over coming months. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,850.65

-17.30

-0.61

Hang Seng

17,113.36

-60.70

-0.35

Jakarta Composite

7,436.04

79.40

1.07

KLSE Composite

1,612.35

2.83

0.18

Nikkei 225

36,442.43

209.92

0.58

Straits Times

3,286.28

27.71

0.84

KOSPI Composite

2,644.50

23.00

0.87

Taiwan Weighted

22,027.25

230.68

1.05

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.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×