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Asian markets settle mostly down on Monday

18 Nov 2024 Evaluate
Asian markets settled mostly down on Monday tracking Wall Street’s fall last Friday as recent economic data on inflation and retail sales coupled with comments from Fed officials including Chair Jerome Powell weakened the case for a December interest rate cut by the Federal Reserve. Moreover, renewed concerns over Donald Trump's potential tariffs and escalating tensions between Russia and Ukraine have also pressurized market sentiments. Japanese shares dropped as the Japanese yen initially regained some strength and after Bank of Japan chief Kazuo Ueda failed to offer strong hints on the timing of additional interest rate hikes. However, Hong Kong shares gained after Chinese securities regulator said it will expand the scope of stock eligible to trade via Stock Connect.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,323.85

-6.88

-0.21

Hang Seng

19,576.61

150.27

0.77

Jakarta Composite

7,134.28

-26.98

-0.38

KLSE Composite

1,604.04

11.60

0.73

Nikkei 225

38,220.85

-422.06

-1.10

Straits Times

3,732.55

-12.15

-0.33

KOSPI Composite

2,469.07

52.21

2.11

Taiwan Weighted

22,546.54

-196.23

-0.87

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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