All the Asian markets concluded Friday’s trade in green as signs of progress in the US budget stalemate provided relief to markets. The House Republicans stated that they will offer a six-week extension to the nation’s borrowing limit in exchange for negotiations on spending. Japan and Hong Kong were both heading into a long weekend with public holidays on Monday. Bank Indonesia, the central bank, expects lending from commercial banks to slow further this year as consumers and corporations ease demand on the back of a depreciating rupiah and rising inflation. Lending growth expanded 22.2 percent in August from a year earlier, marginally down on July’s 22.3 percent. Japan’s Corporate Goods Price Index fell to a seasonally adjusted annual rate of 2.3%, from 2.4% in the preceding month. The Bank of Japan stated that Japan’s M2 Money Stock remained unchanged at a seasonally adjusted 3.8%, from 3.8% in the preceding month whose figure was revised up from 3.7%.
Chinese households expressed the highest confidence level so far this year in September. The China Wealth Index, compiled by the Bank of Communications to gauge sentiment among Chinese households, rose to 131 in September, up from 120 in July and 128 in May. A reading above 100 reflects optimism, and last month’s reading indicated people’s renewed hopes for a better economic performance. The deputy governor of the People’s Bank of China stated that economic growth in China is expected to be above 7.5 percent this year.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2228.15 | 37.22 | 1.70 |
Hang Seng | 23218.32 | 267.02 | 1.16 |
Jakarta Composite | 4519.91 | 33.23 | 0.74 |
KLSE Composite | 1785.75 | 9.83 | 0.55 |
Nikkei 225 | 14404.74 | 210.03 | 1.48 |
Straits Times | 3179.71 | 9.80 | 0.31 |
KOSPI Composite | 2024.90 | 23.50 | 1.17 |
Taiwan Weighted | 8349.37 | 4.64 | 0.06 |
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: