Most of the Asian equity indices are trading lower in early deals on Wednesday. Sentiments remained dampened after Chinese benchmark declined by over a percent as activity in China’s vast manufacturing sector slowed to an 11-month low in July as new orders faltered and the job market darkened, suggesting the world’s second-largest economy is still losing momentum. The flash HSBC/Markit Purchasing Managers’ Index fell to 47.7 this month from June’s final reading of 48.2, marking a third straight month below the watershed 50 line, which demarcates expansion of activities from contraction. Meanwhile, Japanese Nikkei too shed over half a percent after Japanese export growth unexpectedly eased in June from a year earlier. The 7.4% increase in exports in the year to June was less than the median estimate for a 10.3% annual increase.
Shanghai Composite declined 25.88 points or 1.27% to 2,018.00, Hang Seng slipped 62.00 points or 0.28% to 21,853.42, Jakarta Composite dropped 18.26 points or 0.38% to 4,748.90, Nikkei 225 decreased 82.80 points or 0.56% to 14,695.71 and Taiwan Weighted was down by 27.66 points or 0.34% to 8,182.35.
On the flip side, KLSE Composite rose 2.75 points or 0.15% to 1,808.06, Straits Times increased 6.02 points or 0.19% to 3,259.78 and Seoul Composite was up by 2.94 points or 0.15% to 1,907.09.
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.
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.
MoneyWorks4Me ensures this through: