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Asian markets end mostly higher

08 Aug 2012 Evaluate

Most of the Asian markets ended higher on the third consecutive session on Wednesday, on the back of continued hopes for a new round of stimulus from the US and European central banks. However, Hong Kong listed Standard Chartered's shares dropped for a second day, as the bank was accused by US regulators of hiding sanction-busting multi-billion-dollar trades with Iran. Meanwhile, oil prices fell after racing up to a 12-week high on Tuesday on expectations of further economic stimulus.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,160.99

3.37

0.16

Hang Seng

20,065.52

-7.03

-0.04

Jakarta Composite

4,090.71

5.13

0.13

KLSE Composite

1,635.92

4.80

0.29

Nikkei 225

8,881.16

77.85

0.88

Straits Times

3,052.25

-15.49

-0.50

KOSPI Composite

1,903.23

16.43

0.87

Taiwan Weighted

7,319.80

24.34

0.33

About MoneyWorks4Me

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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