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Asian markets trade mixed; all eyes on Bank of Japan meeting

21 Jan 2013 Evaluate

Asian equity indices, after witnessing spectacular rally in previous session, are trading mixed in Monday’s morning trade as investors opted to stay away of piling up positions in risky assets ahead of the outcome of the Bank of Japan policy meeting this week amid expectations for bold monetary easing measures. Though, the Chinese market was marginally in green but it too was showing cautious mood.

Shanghai Composite rose 3.24 points or 0.14% to 2,320.31, Hang Seng added 30.07 points or 0.13% to 23,631.85, Straits Times surged 12.29 points or 0.38% to 3,223.51 and KOSPI Composite was up by 1.95 points or 0.10% to 1,989.80.

On the flip side, Jakarta Composite declined 9.35 points or 0.21% to 4,456.14, KLSE Composite tumbled 33.68 points or 2.01% to 1,642.76, Nikkei 225 dropped 100.01 points or 0.92% to 10,813.29 and KOSPI Composite was down by 1.95 points or 0.10% to 1,989.80.

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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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