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Asian markets trade mostly higher in early deals on Tuesday

13 Jan 2015 Evaluate

Most of the Asian equity benchmarks are trading up in the early deals on Tuesday, after Chinese trade data minimized risk concerns generated by a continuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen. Japan average fell 2.0 percent after a long weekend as declines in U.S. stocks and weakening oil prices dampened risk appetite, while a strong yen hurt exporters. Among other markets in the Asia-Pacific region, South Korea, Singapore is trading marginally lower. Shanghai, Indonesia, Hong Kong, Taiwan and Malaysia are up with modest gains.

Hang Seng jumped 128.48 points or 0.53% to 24,154.94, Jakarta Composite surged 9.17 points or 0.18% to 5,197.10, Shanghai Composite rose 8.51 points or 0.26% to 3,237.83,  FTSE Bursa Malaysia KLCI improved 6.80 points or 0.39% to 1,741.88 and Taiwan Weighted was up by 55.27 points or 0.58% to 9,231.73.

On the flip side, Nikkei 225 contracted 247.49  points or 1.44% to 16,950.24, Straits Times dipped 8.02 points or 0.27% to 3,335.96 and KOSPI Index was down 5.17 points or 0.27% to 1,915.78.

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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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