The Asian markets concluded Tuesday’s trade on a mixed note as the region recovered from a bruising start to the year, though yen strength continued to weigh on Japanese shares. China’s dismal start of the year comes amid disappointing economic data relating to activity in both manufacturing and services, compounded by the resumption of domestic initial public offerings. More economic data are on the way from China, with trade numbers due on Wednesday and inflation figures on Thursday. New home purchases in Shanghai fell for the second week but the average price continued to rise amid robust sales in the mid- to high-end sector. Sales of new homes, excluding government-subsidized affordable housing, shed 7.5 percent last week to 222,500 square meters.
Indonesia’s rupiah fell to the lowest level since 2008 on concern a foreign-currency shortage in local markets will worsen as the Federal Reserve cuts stimulus. Indonesia posted a narrower budget deficit last year as the government spent less than targeted, giving a break on Southeast Asia’s largest economy amid declining exports and slowing investment. The nation recorded for 2013 a budget deficit of Rp 209.5 trillion ($17 billion), or 2.2 percent of gross domestic product, compared to 2.4 percent of GDP as targeted in last year’s revised state budget. Taiwanese CPI fell to a seasonally adjusted annual rate of 0.33%, from 0.67% in the preceding quarter while the country’s Trade Balance fell to a seasonally adjusted annual rate of 1.41B, from 3.51B in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2047.32 | 1.61 | 0.08 |
Hang Seng | 22712.78 | 28.63 | 0.13 |
Jakarta Composite | 4175.81 | -27.00 | -0.64 |
KLSE Composite | 1825.11 | -4.07 | -0.22 |
Nikkei 225 | 15814.37 | -94.51 | -0.59 |
Straits Times | 3120.88 | -2.94 | -0.09 |
KOSPI Composite | 1959.44 | 6.16 | 0.32 |
Taiwan Weighted | 8512.30 | 12.29 | 0.14 |
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: