Asian markets settle mostly higher on Monday

02 Dec 2024 Evaluate

Asian markets settled mostly higher on Monday tracking a record monthly closing on Wall Street, and after the release of robust Chinese factory activity data. A private survey showed that the manufacturing sector in China expanded at a faster pace in November, with the corresponding PMI rising to 51.5 from 50.3 in October. Japanese shares gained by banks and technology shares, while a weakening yen has also supported sentiments. However, some gains were limited by US-China trade war fears after US President-elect Donald Trump threatened a 100% tariff on the so-called 'BRICS' nations if they replace the US dollar with another currency for international transactions.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,363.98	37.52	1.12
Hang Seng	19,550.29	126.68	0.65
Jakarta Composite	7,046.99	-67.28	-0.95
KLSE Composite	1,595.48	1.19	0.07
Nikkei 225	38,513.02	304.99	0.79
Straits Times	3,751.35	12.06	0.32
KOSPI Composite	2,454.48	-1.43	-0.06
Taiwan Weighted	22,736.93	474.43	2.09

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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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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.

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Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
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Technology + Human Intelligence.
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We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

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Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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