Asian markets end mostly down on Friday

15 Nov 2024 Evaluate

Asian markets ended mostly down on Friday ahead of the release of US retail sales data due later in the day. Market sentiments weakened further by Wall Streets’ overnight fall after data showed producer price inflation rose in October and Fed Chair Jerome Powell said the central bank does not need to rush to lower interest rates and can approach decisions carefully. Chinese shares fell after mixed economic data highlighted China's uneven economic recovery. China's retail sales rose more than expected in October, while industrial production missed forecasts. However, Japanese shares gained by weakening yen after weak GDP data dampened expectations for more rate hikes by the Bank of Japan.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,330.73	-49.11	-1.47
Hang Seng	19,426.34	-9.47	-0.05
Jakarta Composite	7,161.26	-53.30	-0.74
KLSE Composite	1,592.44	-8.24	-0.51
Nikkei 225	38,642.91	107.21	0.28
Straits Times	3,744.70	6.54	0.17
KOSPI Composite	2,416.86	-2.00	-0.08
Taiwan Weighted	22,742.77	27.39	0.12

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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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