SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets trade mixed in early deals on Thursday

05 Sep 2024 Evaluate
Asian markets traded mixed in early deals on Thursday, amidst lack of proper directional cues in the market. Risk aversion with the jitters over global recession ahead to key US jobs data this Friday saddled investments. Albeit, three year low hit of US job openings opened room for substantial interest rate cuts by Federal Reserve. Japan’s Nikkei plunged after real wages of the country reported rise for the second straight month spurring bets on more interest rate hikes by BoJ. Additionally, sharp gains in local currency yen also saddled foreign investment inflows.

Nikkei 225 down by 505.04 points 1.36% to 36,542.57, Hang Seng shrunk by 80.48 points 0.46% to 17,376.86, KOSPI Index lower by 12.89 points or 0.50% to 2,567.91, and FTSE Bursa Malaysia KLCI curtailed by 1.40 points or 0.08% to 1,668.84.

On the flip side, Straits Times up by 4.30 points 0.12% to 3,445.68, Taiwan Weighted rose by 172.00 points or 0.82% to 21,264.75, Jakarta Composite buoyed by 31.82 points or 0.41% to 7,704.72, Shanghai Composite added by 1.10 points or 0.04% to 2,785.38.

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:

×