Asian markets settle mostly down on Thursday

29 Aug 2024 Evaluate

Asian markets settled mostly down on Thursday tracking Wall Street’s overnight fall, while technology heavyweights faced selling pressure following Nvidia's underwhelming earnings result. Meanwhile investors are cautious ahead the release of a key US inflation reading on Friday that might impact future interest rate decisions. Chinese shares dropped after UBS Investment Bank cut its 2024 GDP growth forecast for China to 4.6% from 4.9%, citing a deeper-than-expected property market downturn.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,823.11	-14.32	-0.51
Hang Seng	17,786.32	93.87	0.53
Jakarta Composite	7,627.60	-31.28	-0.41
KLSE Composite	1,653.55	-21.69	-1.29
Nikkei 225	38,362.53	-9.23	-0.02
Straits Times	3,404.47	13.44	0.39
KOSPI Composite	2,662.28	-27.55	-1.03
Taiwan Weighted	22,201.85	-168.81	-0.76

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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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

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
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We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

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

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
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

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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