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Asian markets settle mostly higher on Tuesday

30 Aug 2022 Evaluate
Asian markets settled mostly higher on Tuesday, despite weak cues from Wall Street as concerns remained about the Federal Reserve's aggressive interest rate hikes to fight inflation. Japanese shares gained by a fresh round of weakness in the Japanese yen after the release of upbeat employment data. The jobless rate remained unchanged at 2.6% percent in July, while the availability of jobs grew for the seventh straight month to a more than two-year high, data showed. Although, Chinese and Hong Kong shares declined despite Chinese authorities pledged to stimulate the world’s second-largest economy.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,227.22-13.51-0.42

Hang Seng

19,949.03-74.19-0.37

Jakarta Composite

7,159.4727.420.38

KLSE Composite

1,512.0510.480.70

Nikkei 225

28,195.58316.621.14

Straits Times

3,239.3317.070.53

KOSPI Composite

2,450.9324.040.99

Taiwan Weighted

14,953.6327.440.18

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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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