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Asian markets trade mostly higher in early deals on Tuesday

25 Oct 2022 Evaluate
Most of the Asian markets traded higher in early deals on Tuesday, as investors trivialized Federal Reserve interest rate hike bets and on bargain hunting after corona virus indued recent sell off. Stronger crude oil rates, easing concerns about Omicron and the rally in Wall Street overnight lifted market sentiments. Japan’s Nikkei extended gains for second straight session followed by the optimism after reports that the average of household spending in Japan improved 3.4% in October.  The average of monthly income per household stood at 549,269 yen, up 0.4 percent on year. Market sentiments also got boosted on upbeat corporate earnings prospects as yen continued its negative trend. 

Nikkei 225 up by 325.74 points or 1.21% to 27,309.08, Straight times rose 18.03 points or 0.61% to 2,987.98, Hang Seng increased by 132.53 points or 0.87% to 15,313.22, KOSPI jumped by 5.08 points or 0.23% to 2,241.24, Shanghai climbed by 21.99 points or 0.74% to 2,999.55, and FTSE Bursa Malaysia KLCI added by 1.05 points or 0.07% to 1,447.47.

On flip side, Taiwan lower by 147.83 points or 1.15% to 12,709.15, and Jakarta Composite down by 7.15 points or 0.10% to 7,045.89.

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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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