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Asian markets settle lower on Monday

02 Feb 2026 Evaluate
Asian markets settled lower on Monday tracking Wall Street’s fall last Friday after the US President Donald Trump nominated Kevin Warsh to be the next chair of the Federal Reserve, and a reading on US inflation was stronger than expected. Besides, renewed tariff worries from Donald Trump and ongoing heavy selling in metals have also dampened market sentiments. Meanwhile, investors also looked ahead to the release of key US jobs data as well as central bank decisions in Australia, Europe and London for direction. The South Korean Kospi index broke the 5,000 psychological resistance level despite global uncertainty over US monetary policy and concerns about an AI sector bubble. Japan’s Nikkei fell as investors braced for the February 8 snap lower house election and ignored the results of a private-sector survey that showed Japan's manufacturing activity grew at the fastest pace in about three and a half years in January. Conversely, export-linked shares gained after Prime Minister Sanae Takaichi said over the weekend that a weak yen could be a major opportunity for export industries. Chinese and Hong Kong shares tumbled as troubled property developer China Vanke warned of a $11.8 billion net loss for 2025 and electric vehicle giant BYD reported a 30.1% year-on-year fall in vehicle sales for January.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,015.75

-102.20

-2.48

Hang Seng

26,775.57

-611.54

-2.23

Jakarta Composite

7,922.73

-406.88

-4.88

KLSE Composite

--

--

--

Nikkei 225

52,655.18

-667.67

-1.25

Straits Times

4,892.27

-12.86

-0.26

KOSPI Composite

4,949.67

-274.69

-5.26

Taiwan Weighted

31,624.03

-439.72

-1.37

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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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