SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets trade mostly higher in early deals on Friday

18 Oct 2024 Evaluate
Asian markets traded mostly higher in early deals on Friday, with the expectations of more interest rate cut by several central banks across the globe. Asian indices got boosted after China’s industrial output and retail sales activity for September indicated a climb of more than expected, while the urban jobless rate hit a 3-month low of 5.1%. Investor sentiments also bolstered after China economic activity showcased a rise of 4.6% yoy in Q3 of 2024, surpassing the consensus of 4.5% but falling short of Q2's print of 4.7%, heightening calls for more stimulus. Hang Seng advanced in the session after leader John Lee hinted that the country is to establish a HKD10 billion innovation and tech industry-oriented fund. However, the Hang Seng is heading for the second straight decline, down around 4.5% so far. Japan’s Nikkei also in positive side snapping a two-day decline as hawkish BoJ comments got trivialized after slowing domestic inflation numbers. Albeit, stronger local currency yen limited some gains in the session.

Nikkei 225 up by 17.93 points 0.05% to 38,929.12, Hang Seng rose by 150.84 points 0.75% to 20,229.94, Straits Times added by 8.97 points 0.25% to 3,634.22, Jakarta Composite higher by 0.93 points or 0.01% to 7,735.97, Taiwan Weighted enlarged by 381.06 points or 1.65% to 23,434.90, Shanghai Composite widened by 21.25 points or 0.67% to 3,190.63, and FTSE Bursa Malaysia KLCI lifted by 5.57 points or 0.34% to 1,647.01

On the flip side, KOSPI Index down by 16.47 points or 0.63% to 2,592.83.

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:

×