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Asian markets trade higher in early deals on Tuesday

18 Oct 2016 Evaluate

Asian equity benchmarks are trading up in the early deals on Tuesday ahead of China's release of quarterly growth data and a policy meeting of the European Central Bank later in the week. Besides, crude oil prices rose above the $50 mark in Asian trades and the US dollar weakened on soft manufacturing data. Japan's Nikkei share average edged up helped by buying in stocks which are sensitive to domestic demand, but gains were limited as the yen inched higher, keeping investors on edge. Meanwhile, Hong Kong stocks climbed as property companies and gambling shares rebounded amid speculation US monetary policy will remain accommodative.

Nikkei 225 surged 8.04 points or 0.05% to 16,908.16, Hang Seng added 202.43 points or 0.88% to 23,239.97, Straits Times jumped 0.64 points or 0.02% to 2,817.71, KOSPI Index rose 4.90 points or 0.24% to 2,032.51, Jakarta Composite gained 28.64 points or 0.53% to 5,438.94, Taiwan Weighted increased 16.99 points or 0.19% to 9,193.21, Shanghai Composite spurt 15.71 points or 0.52% to 3,056.87, and FTSE Bursa Malaysia KLCI was up by 7.40 points or 0.45% to 1,661.11.

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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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