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Asian markets made a mixed start of the week

19 Nov 2012 Evaluate

The Asian markets have made a mixed start of the new week though some of the indices are trading lower. Japanese market has surged as US President expressed confidence that he and Congress would reach a budget agreement and also got support from yen weakness. The Chinese market was marginally in red as Southeast Asian leaders have sought to ease tensions with China over maritime disputes before a regional summit involving US President Barack Obama, as concerns persist over weaker demand in the global economy.

Shanghai Composite was down by 3.76 points or 0.19% to 2,010.96, Jakarta Composite was down by 12.70 points or 0.26% to 4334.54 and KLSE Composite was down by 8.50 points or 0.52% to 1,620.78.

On the other hand, Hang Seng was up by 98.27 points or 0.46% to 21,257.28, Nikkei 225 surged by 120.31 points or 1.34% to 9,145.10, Straits Times was up by 5.54 points or 0.19% to 2,951.17, Seoul Composite gained 16.98 points or 0.91% to 1,877.81 and Taiwan Weighted gained 1.20 points or 0.02% to 7,131.27.

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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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