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Asian markets trade higher in early deals on Tuesday

13 Feb 2018 Evaluate

Asian equity benchmarks are trading higher in early deals on Tuesday after US stocks closed in green overnight for a second straight session. Markets are showing signs of stabilizing following last week’s brutal selloff that was triggered by worries over rising interest rates. Meanwhile, Japan’s Nikkei share average rebounded after suffering a sharp drop last week, as investors played catch-up after US shares rose on Monday, when markets were closed for a national holiday in Japan. The markets in Taiwan remained closed for a public holiday.

Nikkei 225 gained 34.54 points or 0.16% to 21,417.16, Shanghai Composite added 56.83 points or 1.8% to 3,210.96, Jakarta Composite rose 70.93 points or 1.09% to 6,594.38, Hang Seng jumped 642.67 points or 2.18% to 30,102.30, KOSPI Index strengthened 20.72 points or 0.87% to 2,406.10, FTSE Bursa Malaysia KLCI increased 2.11 points or 0.12% to 1,832.28 and Straits Times was up by 48.65 points or 1.44% to 3,433.63.

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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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