SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets trade mostly higher in early deals on Monday

02 Dec 2024 Evaluate
Asian markets traded mostly higher in early deals on Monday, as the risk appetite in the market got boosted with a slew of positive economic data from the region. South Korea's manufacturing PMI climbed to 50.6 in November 2024 from 48.3 in the previous month, signalling growth for the first time in three months. Meanwhile, factory activity in China climbed the most in five months. Optimism of a further interest rate cut by the US Fed in December also bolstered investor sentiments. Participants also hoped that the PBoC might step up its monetary easing, including cutting further RRR and inject more cash into markets, to bolster the Chinese economy and meet the 2024 target growth of around 5%. Japan’s Nikkei also advanced with the slump in local currency yen. Meantime, Japanese firms raised capital expenditure in the quarter three, pointing resilience in corporate confidence and fuelled expectations that the Bank of Japan might increase interest rates.

Nikkei 225 up by 314.54 points or 0.82% to 38,522.57, Straight times rose 15.02 points or 0.40% to 3,754.31, Hang Seng added by 26.92 points or 0.14% to 19,450.53, Shanghai lifted by 35.58 points or 1.07% to 3,362.04, KOSPI enlarged by 11.12 points or 0.45% to 2,467.03, Taiwan soared by 536.82 points or 2.41% to 22,799.32, and FTSE Bursa Malaysia KLCI higher by 1.09 points or 0.07% to 1,595.38.

On flip side, Jakarta Composite down by 13.80 points or 0.19% to 7,100.47.

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:

×