The Asian markets concluded Wednesday’s trade in red taking their lead from another sell-off on Wall Street, while Tokyo took a hit as the yen climbed against the dollar with profit-takers moving in following last week’s greenback rally. Indonesia’s central bank is widely expected to hold its key interest rate steady at a meeting scheduled on Thursday, in spite of a recent trade deficit, as the country’s inflation pace has declined and the rupiah has strengthened significantly this year. It is expected that Bank Indonesia may keep its reference rate steady at 7.50% for a fourth consecutive month.
Japanese Household Confidence rose to a seasonally adjusted annual rate of 38.3, from 40.5 in the preceding month while Japanese tertiary industry activity index rose to a seasonally adjusted 0.9%, from -0.5% in the preceding month whose figure was revised down from -0.4%. Japan’s Corporate Goods Price Index fell to a seasonally adjusted annual rate of 1.8%, from 2.4% in the preceding month. Japan’s BSI large manufacturing conditions rose to a seasonally adjusted annual rate of 12.5, from 9.7 in the preceding quarter. South Korean Unemployment Rate rose to a seasonally adjusted annual rate of 3.9%, from 3.2% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 1997.69 | -3.47 | -0.17 |
Hang Seng | 21901.95 | -367.66 | -1.65 |
Jakarta Composite | 4684.38 | -19.83 | -0.42 |
KLSE Composite | 1818.60 | -9.95 | -0.54 |
Nikkei 225 | 14830.39 | -393.72 | -2.59 |
Straits Times | 3097.43 | -31.97 | -1.02 |
KOSPI Composite | 1932.54 | -31.33 | -1.60 |
Taiwan Weighted | 8684.73 | -17.60 | -0.20 |
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: