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Asian markets trade mostly higher in early deals on Tuesday

08 Sep 2020 Evaluate

Most of the Asian equity benchmarks are trading higher on Tuesday, in line with firm cues from European markets with the optimism over potential coronavirus vaccines, while the U.S. markets were closed for a public holiday. Market sentiments also boosted with the technical correction after previous session losses. Japan's Nikkei also rose despite bleak economy data, which contracted more than initially estimated in the second quarter. Among the Asian markets, Japan, South Korea, Taiwan, Singapore, Hong Kong China, Indonesia are in upward trend. Bucking the trend, Malaysia is lower.

Nikkei 225 up by 149.45 points, 0.65% to 23,239.40, Straits Times rose by 10.10 points 0.40% to 2,521.31, Hang Seng elevated by 4.05 points or 0.02% to 24,593.70, Taiwan Weighted lifted 63.82 points 0.51% to 12,665.22, KOSPI Index higher by 14.36 points or 0.60% to 2,398.58, Jakarta Composite increased by 8.34 points or 0.16% to 5,238.54, Shanghai widened 8.60 points or 0.26% to 3,301.19.

On the flip side, FTSE Bursa Malaysia KLCI narrowed by 15.23 points or 1.00% to 1,501.15.

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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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