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Asian markets settle mostly down on Wednesday

11 Sep 2024 Evaluate
Asian markets settled mostly down on Wednesday tracking Wall Street’s mixed close overnight with caution ahead to August's CPI inflation report that could influence the Federal Reserve's policy moves next week. Market sentiments were weakened further as democratic candidate Kamala Harris put her republican rival Donald Trump on the defensive in a combative presidential debate with a stream of attacks on his fitness for office, his support of abortion restrictions and his myriad legal worries. Chinese shares declined as the US House of Representatives passed the Biosecure Act, restricting US ties with specific Chinese biotech firms to safeguard national security. Japanese shares fell and the yen surged to an eight-month high after Bank of Japan official hinted at more monetary tightening.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,721.80

-22.39

-0.82

Hang Seng

17,108.71

-125.38

-0.73

Jakarta Composite

7,760.96

-0.43

-0.01

KLSE Composite

1,639.80

-20.55

-1.24

Nikkei 225

35,619.77

-539.39

-1.51

Straits Times

3,531.17

18.50

0.52

KOSPI Composite

2,513.37

-10.06

-0.40

Taiwan Weighted

21,031.00

-33.08

-0.16

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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