SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Most of Asian markets conclude Thursday’s trade in green

12 Sep 2013 Evaluate

Most of the Asian markets barring Nikkei 225 concluded Thursday’s trade in green. China’s stocks rose for a fifth day, the longest stretch of gains in a month, as banks and brokerages rallied on Premier Li Keqiang’s financial reform plans. Dismissing concerns of hard landing of China’s economy due to slowdown, Chinese Premier Li Keqiang reassured the world about the health of China’s economy saying the world’s second largest economy will reach the official target of 7.5% growth this year. Japan’s prime minister has decided to hike the nation’s sales tax next year, but will soften the blow with a $50-billion stimulus package aimed at protecting a budding economic recovery. Shinzo Abe, who has spearheaded a drive to turn around years of tepid growth, will press on with a plan to lift taxes to 8% from the current 5% in April.

Bank Indonesia raised interest rates by 25 basis points, defying market expectations and continuing a swift phase of hikes that has seen the central cost of borrowing increased four times in as many months. The rate now stands at 7.25%. South Korea’s central bank chief stated that the bank’s decision to keep the policy interest rate unchanged at 2.50% for a fourth straight month was made in a unanimous vote. The central bank last cut the benchmark rate by 25 basis points in May, and has left it unchanged since.

 

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2255.60

14.34

0.64

Hang Seng

22953.72

16.58

0.07

Jakarta Composite

4356.60

7.19

0.17

KLSE Composite

1772.40

3.92

0.22

Nikkei 225

14387.27

-37.80

-0.26

Straits Times

3121.08

12.89

0.41

KOSPI Composite

2004.06

0.21

0.01

Taiwan Weighted

8225.36

16.37

0.20

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:

×