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Asian markets trade mostly lower on Friday

11 Jan 2013 Evaluate

Most of the Asian equity indices, after a positive start, have entered into negative trajectory on the back of profit booking. However, the losses remained capped amid an improving outlook for global economies and reduced anxiety over the euro zone's debt problems. Japanese benchmark Nikkei stock average was trading firm, gaining by over a percent as the yen accelerated its declines against the dollar and the euro.

Shanghai Composite declined 10.87 points or 0.48% to 2,272.78, Hang Seng slipped 12.66 points or 0.05% to 23,341.65, KLSE Composite decreased 2.85 points or 0.17% to 1,687.08, Straits Times dipped 15.10 points or 0.47% to 3,211.15, KOSPI Composite tumbled 14.82 points or 0.74% to 1,991.98 and Taiwan Weighted was down 4.82 points or 0.06% to 7,806.82.

On the flip side, Jakarta Composite increased 3.10 points or 0.07% to 4,320.47 and Nikkei 225 was up by 120.56 points or 1.13% to 10,773.20.

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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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