The Asian markets barring Shanghai Composite and KLSE Composite concluded Wednesday’s trade in green after following a lead from Wall Street after better-than-expected US retail sales data. Hong Kong’s Hang Seng Index picked up, but came off stronger levels following data showing a decline in the issuance of new yuan loans by Chinese financial institutions in December from November. The World Bank has raised its growth forecasts for the global economy, but warned of potential volatility in capital flows as the United States withdraws its monetary stimulus. China’s growth was seen maintaining a 7.7 percent pace for the third year in a row this year as the government engineers a restructuring of the economy.
At least seven Chinese provinces are setting lower growth targets for this year than in 2013, adding to signs that expansion will slow as the government focuses on policies to sustain the economy in the long term. Singapore’s property market is stabilizing and the country isn’t facing a credit bubble that puts the island or its banking system at risk of a crisis, the central bank stated. Singaporean Retail Sales rose to a seasonally adjusted -8.7%, from -9.4% in the preceding month. South Korean Unemployment Rate rose to a seasonally adjusted annual rate of 3.0%, from 2.9% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2023.35 | -3.49 | -0.17 |
Hang Seng | 22902.00 | 110.72 | 0.49 |
Jakarta Composite | 4441.59 | 50.82 | 1.16 |
KLSE Composite | 1824.03 | -10.94 | -0.60 |
Nikkei 225 | 15808.73 | 386.33 | 2.50 |
Straits Times | 3143.25 | 19.50 | 0.62 |
KOSPI Composite | 1953.28 | 7.21 | 0.37 |
Taiwan Weighted | 8602.55 | 54.41 | 0.64 |
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: