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Asian markets trade higher in early deals on Friday

09 Oct 2015 Evaluate

Asian equity benchmarks are trading higher in the early deals on Friday, tracking the overnight surge in crude oil prices and the gains on Wall Street after minutes of the latest Federal Reserve meeting reinforced the view that the central bank may delay its first interest rate hike into next year. The markets in South Korea and Taiwan are closed on Friday in observance of Hangeul Day and National Day, respectively.

Nikkei 225 surged 224.05 points or 1.24% to 18,365.22, Hang Seng added 383.45 points or 1.72% to 22,738.36, Straits Times jumped 56.12 points or 1.90% to 3,003.15, FTSE Bursa Malaysia KLCI increased 17.10 points or 1.01% to 1,709.30, Shanghai Composite gained 21.90 points or 0.70% to 3,165.26 and Jakarta Composite was up by 113.07 points or 2.52% to 4,604.51.

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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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