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Most Asian market went home with green mark on Obama’s victory

07 Nov 2012 Evaluate

Most Asian stock markets went home with the green mark as Barack Obama was re-elected as U.S. president, which is expected to add further monetary easing in the world’s largest economy. However, Japan's Nikkei ended little unchanged after bobbling between gains and losses. China's Shanghai Composite closed lower ahead of the once-in-a-decade top leadership change, while Hong Kong's market closed the shutter on positive note, snapping two days of losses. Moreover, Seoul markets gained marginally and Kospi ended higher, led by exporters.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,105.73

-0.27

-0.01

Hang Seng

22,099.85

155.42

0.71

Jakarta Composite

4,350.42

36.16

0.84

KLSE Composite

1,645.53

-0.10

-0.01

Nikkei 225

8,972.89

-2.26

-0.03

Straits Times

3,043.27

23.94

0.79

KOSPI Composite

1,937.55

9.38

0.49

Taiwan Weighted

7,287.18

50.50

0.70

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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