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Asian markets rise on hopes of major monetary policy to support economy

04 Jul 2012 Evaluate

Asian markets have made a positive start on expectation of monetary policy by major Central banks of Europe and US to support the faltering global economy. There were some reports stating that Chinese banks’ reserve requirements may be reduced three more times this year.

Last night, the US market rallied while the European market closed at two months high on hopes of more stimulus action as well as reports on better  than expected data of new orders for manufactured goods in the US.

Shanghai Composite was slightly up by 0.11 points to 2,229.30, Hang Seng Index soared 35.39 points or 0.18% to 19,770.92, Jakarta Composite surged 29.73 points or 0.73% to 4079.44, KLSE Composite rose 5.06 points or 0.31% to 1,612.83, Nikkei 225 gained 42.63 points or 0.48% to 9111.61, Straits Times Index advanced 10.10 points or 0.33% to 2,955.05 and Taiwan Weighted climbed 2.48 points or 0.04% to 7,421.94. Kospi Composite gained 7.12 points or 0.34% to 1874.69.

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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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