After witnessing gimps of glory in previous two sessions’ Asian markets have witnessed a steep cut on Tuesday’s trade amid concerns over whether newly formed governments in Italy and Greece can contain their debt crisis as Spanish and Italian government-bond yields climbed. Markets remained buoyed in past two days as Greece and Italy moved to form new governments and embarked on other steps to get their debt troubles under control. But a worrisome sign emerged late Monday when the Italian government sold five-year bonds at 6.29 percent interest, the highest interest rate since 1997. Italy paid a much lower rate of 5.32 percent at a similar auction only last month.
All the Asian equity indices barring Shanghai composite snapped the day’s trade in the red. Seoul Composite remained the biggest loser, down by about a percent followed by Hang Seng and Nikkei down by 0.82% and 0.72% respectively. However, Chinese benchmark ended flat on Tuesday as investors continued to wait for clear signs of a shift in Beijing’s monetary policy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,529.76 | 1.05 | 0.04 |
Hang Seng | 19,348.44 | -159.74 | -0.82 |
Jakarta Composite | 3,813.84 | -19.20 | -0.50 |
KLSE Composite | 1,477.22 | -1.65 | -0.11 |
Nikkei 225 | 8,541.93 | -61.77 | -0.72 |
Straits Times | 2,811.58 | -18.56 | -0.66 |
Seoul Composite | 1,886.12 | -16.69 | -0.88 |
Taiwan Weighted | 7,491.06 | -34.59 | -0.46 |
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: