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Asian markets shut shop in red on Monday

08 Jul 2013 Evaluate

All the Asian equity indices ended the session in the red with major benchmarks declining by 1 to 4 per cent on Monday after strong US jobs data increased expectations that the US Federal Reserve would ease its stimulus measures within a few months, maybe as early as September. Back on regional turf, Seoul Composite declined by about a percent as technology heavyweight and the largest component on the main index, Samsung Electronics Co, tumbled to a fresh 10-month closing low, weighed down by last week's disappointing earnings estimates. Meanwhile, Japanese Nikkei declined by about one and a half percent, giving up initial gains tracking fall in other Asian shares, and partially impacted by a ratings Standard & Poor’s downgrade of Softbank to junk after its multi-billion-dollar acquisition of Sprint Nextel that too dampened the sentiments.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

1958.27

-48.93

-2.44

Hang Seng

20582.19

-272.48

-1.31

Jakarta Composite

4433.62

-169.18

-3.68

KLSE Composite

1762.87

-9.40

-0.53

Nikkei 225

14109.34

-200.63

-1.40

Straits Times

3155.47

-14.26

-0.45

KOSPI Composite

1816.85

-16.46

-0.90

Taiwan Weighted

7886.34

-115.48

-1.44

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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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