Asian markets end mostly down on Friday

06 Sep 2024 Evaluate

Asian markets ended mostly down on Friday ahead of key US jobs data later in the day, that could influence the pace and magnitude of rate cuts by the US Federal Reserve. Chinese shares declined after Zou Lan, head of Chinese central bank's monetary policy department, said there is room to lower the amount of cash banks must hold as reserves while it faces some constraints in cutting interest rates. Japanese shares fell as a stronger yen weighed on exporters, while data showed Japanese household spending rose less than expected in July. Meanwhile, Hong Kong's share market trading was cancelled due to a typhoon alert.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,765.81	-22.50	-0.81
Hang Seng	--	--	--
Jakarta Composite	7,721.85	40.81	0.53
KLSE Composite	1,653.12	-11.70	-0.70
Nikkei 225	36,391.47	-265.62	-0.73
Straits Times	3,454.47	-4.19	-0.12
KOSPI Composite	2,544.28	-31.22	-1.23
Taiwan Weighted	21,435.19	247.48	1.15

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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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