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Sentiments remain euphoric in Asian region for second day in a row

06 Jun 2012 Evaluate

Sentiments remained jubilant for second day in a row in Asian region and all the Asian counters barring Chinese shanghai snapped the day’s trade in the positive terrain on Wednesday amid expectations that the European Central Bank will introduce easing measures to calm the falling equity markets in its rate-setting meeting scheduled for later in the day. Moreover, European Group of Seven members promised a speedy response to the continent’s debt crisis too aided the sentiments. Meanwhile, Australian economy grew at twice the rate economists estimated, its gross domestic product advanced 1.3 percent in the quarter from the previous three months.

On the regional front, Japanese Nikkei rose about two percent on Wednesday as investors looked to policy makers to counter the euro zone crisis, and Australian and US data offered some positive news while, Taiwan Weighted jumped 0.80 percent on hopes for policy measures to stem the European debt crisis. However, Chinese main stock index ended down 0.10 percent, weighed down by property shares after the official Xinhua news service reported that China’s main real estate regulator plans to maintain current restrictions.

South Korea’s KOSPI Composite Index remained closed for a holiday.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,309.55

-2.36

-0.10

Hang Seng

18,520.53

261.50

1.43

Jakarta Composite

3,841.33

123.46

3.32

KLSE Composite

1,569.43

9.07

0.58

Nikkei 225

8,533.53

151.53

1.81

Straits Times

2,760.83

48.52

1.79

Taiwan Weighted

7,056.15

55.70

0.80

KOSPI Composite

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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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