SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian markets conclude Wednesday’s trade mostly in red

20 Nov 2013 Evaluate

The Asian markets barring Shanghai Composite and Hang Seng concluded Wednesday’s trade in red after the Organization for Economic Cooperation and Development lowered its growth forecasts, and as investors adopted a cautious stance ahead of the release of the minutes from the latest Federal Reserve meeting. The OECD forecast only a modest amount of economic recovery next year, cutting its predictions overnight by around 0.5% to 3.6% in 2014. Asia’s largest economy escaped with only a mild reduction, as China’s growth forecast for 2014 was cut to 8.2% from 8.4%.

Japanese exports rose 18.6% from a year earlier in October to Y6.105 trillion marking the eighth straight month of expansion. The increase in the value of merchandise exports was better than a median forecast of a 17.3% rise. In September, exports rose 11.5% on year. Japan's trade deficit almost doubled to Y1.091 trillion, compared with a Y556.2 billion deficit in the same month of the previous year. The figure marked the 16th consecutive month in which Japan ran a trade shortfall, the longest string of monthly deficits on record.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2206.61

13.49

0.62

Hang Seng

23700.86

43.05

0.18

Jakarta Composite

4350.79

-47.55

-1.08

KLSE Composite

1798.69

-8.47

-0.47

Nikkei 225

15076.08

-50.48

-0.33

Straits Times

3184.23

-7.85

-0.25

KOSPI Composite

2017.24

-14.40

-0.71

Taiwan Weighted

8204.46

-55.75

-0.67

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:

×