Asian markets settle mostly down on Wednesday

04 Sep 2024 Evaluate

Asian markets settled mostly down on Wednesday. Taiwan and South Korean shares plummeted after an overnight rout in Wall Street tech shares following a steep drop for AI investor darling Nvidia and other chip shares. Japanese shares dented by tracking weak US manufacturing data that fuelled concerns that the American economy could be headed to a recession. Traders were cautiously awaiting Friday's upcoming US payrolls data for more clues on the economic and rate outlook. Meanwhile, Chinese and Hong Kong shares fell after a private survey showed growth in China's services sector activity slowed in August.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,784.28	-18.70	-0.67
Hang Seng	17,457.34	-194.15	-1.11
Jakarta Composite	7,672.90	56.38	0.73
KLSE Composite	1,670.24	-6.41	-0.38
Nikkei 225	37,047.61	-1,638.70	-4.42
Straits Times	3,441.38	-38.96	-1.13
KOSPI Composite	2,580.80	-83.83	-3.25
Taiwan Weighted	21,092.75	-999.46	-4.74

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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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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.

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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.
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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.

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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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