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Asian markets trade higher in the early deals on Tuesday

24 Jun 2014 Evaluate

All the Asian equity benchmarks are trading higher in the early deals on Tuesday, after opening on a sluggish note due to the worries about the situation in Iraq. Further, improved manufacturing data from China, Japan and the United States augured well for global growth, despite a disappointing result from the euro zone. However, gains are just modest in most of the markets in the region with investors staying somewhat reluctant to make significant moves due to lack of positive catalysts. The Chinese Shanghai Composite improved as renewed economic optimism overshadowed concern that new equity sales will divert funds from existing shares. Among other markets in the Asia-Pacific region, Hong Kong, Shanghai, Indonesia, South Korea and Taiwan are notably higher. Singapore and Malaysia are up marginally.

Nikkei 225 soared 18.75 points or 0.12% to 15,388.03, Hang Seng surged by 79.99 points or 0.35% to 22,884.80, KOSPI Index improved by 20.04 points or 1.01% to 1,994.96, Straits Times increased 7.18 points or 0.22% to 3,264.58, Jakarta Composite gained 18.54 points or 0.38% to 4,860.67, Shanghai Composite climbed by 8.02 points or 0.40% to 2,032.38, FTSE Bursa Malaysia KLCI spurted by 1.99 points or 0.11% to 1,885.95 and Taiwan Weighted was up by 10.10 points or 0.11% to 9,238.45.

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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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