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Asian markets trade higher in early deals on Thursday

23 Mar 2017 Evaluate

Asian equity benchmarks are trading up in the early deals on Thursday after Wall Street steadied overnight. Investors are awaiting a vote in the US Congress on health care legislation that is seen as a bellwether for the capacity of the administration of President Donald Trump to deliver on campaign promises for tax and regulatory reform. The Nikkei share average edged higher despite a political scandal centering on the wife of Japanese Prime Minister Shinzo Abe sapped domestic investor sentiment.

Nikkei 225 gained 11.96 points or 0.06% to 19,053.34, Hang Seng strengthen 86.58 points or 0.36% to 24,406.99, FTSE Bursa Malaysia KLCI added 2.84 points or 0.16% to 1,751.14, KOSPI Index increased 4.64 points or 0.21% to 2,172.94, Shanghai Composite rose 9.91 points or 0.31% to 3,255.13, Taiwan Weighted spurt 0.32 points to 9,922.98, Jakarta Composite surged 31.32 points or 0.57% to 5,565.41 and Straits Times was up by 0.26 points or 0.01% to 3,118.45.

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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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