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Asian markets trade mostly higher on Tuesday

29 Jan 2013 Evaluate

Most of the Asian equity indices are trading in the positive terrain in Tuesday’s morning trade after solid US data, but gains remained capped as investors remained cautious ahead of more US economic reports and a Federal Reserve policy decision later in the week that may offer clues to the Fed’s stimulus plans. South Korean shares edged up about 0.90 per cent after touching an 8-week low the day before on report of rise in business confidence in South Korea. Japanese market too was trading higher despite the yen gaining against most of its peers.

Shanghai Composite added 0.89 points or 0.04% to 2,347.39, Jakarta Composite rose 13.13 points or 0.30% to 4,430.07, Nikkei 225 surged 102.36 points or 0.95% to 10,926.67, KOSPI Composite soared 16.65 points or 0.86% to 1,956.36 and Taiwan Weighted was up by 55.79 points or 0.72% to 7,770.46.

On the flip side, Straits Times declined 3.02 points or 0.09% to 3,270.89 and Hang Seng was down by 9.76 points or 0.04% to 23,662.12.

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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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