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Asian markets trade mostly lower in early deals on Monday

09 Sep 2024 Evaluate
Asian markets traded mostly lower in early deals on Monday, saddled by woes over global economic after weak US jobs data and softer inflation data from China. Market closely eyed Chinese trade figures on Tuesday to gauge on the world’s second-largest economy. The Hang Seng plunged its lowest level in three weeks with the steep sell off in almost all sectors. Japan’s Nikkei tumbled to one-month low after country’s economic growth showcased less growth than expected in Q2 of about 2.9% compared to the estimated growth of 3.2%. 

Nikkei 225 down by 254.80 points 0.70% to 36,143.99, Hang Seng shrunk by 314.99 points 1.81% to 17,129.31, KOSPI Index lower by 5.89 points or 0.23% to 2,538.39, Taiwan Weighted dipped by 291.49 points or 1.36% to 21,143.70, Jakarta Composite slipped by 64.61 points or 0.84% to 7,657.24., and Shanghai Composite declined by 27.86 points or 1.01% to 2,737.95 

On the flip side, Straits Times up by 34.16 points 0.99% to 3,488.63, and FTSE Bursa Malaysia KLCI rose by 0.71 points or 0.04% to 1,653.83.

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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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