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Asian markets extend southward journey in early trade

25 Jun 2013 Evaluate

Prolonging their southward journey for fifth consecutive day, Asian equity indices are once again trading into the red in Tuesday’s morning deals. Though, some of the markets showed recovery in the early trade but, it proved short lived as all the Asian Pacific benchmarks entered into the red terrain after Chinese markets turned negative on concern of a potential liquidity crunch in the country after the People’s Bank of China declined to inject money into the financial system.

Shanghai Composite tumbled 74.55 points or 3.80% to 1,888.68, Jakarta Composite crumbled 45.03 points or 1.02% to 4,384.43, Nikkei 225 clobbered 231.97 points or 1.78% to 12,830.81, KOSPI Composite Index decreased 22.80 points or 1.27% to 1,776.21, Hang Seng declined 280.93 points or 1.42% to 19,533.05, KLSE Composite dropped 10.82 points or 0.61% to 1,773.06, Straits Times contracted 61.20 points or 1.77% to 3,393.17 and Taiwan Weighted was down by 54.40 points or 0.70% to 7,703.63.

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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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