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Asian markets settle mostly higher on Tuesday

29 Nov 2022 Evaluate
Asian markets settled mostly higher on Tuesday, with Chinese and Hong Kong shares gaining after Beijing rolled out more stimulus measures targeting the real estate sector and speculation mounted that the Chinese government was considering the scaling back of its anti-covid policies. However, Japanese shares bucked the trend and fell, tracking a sharp decline in US stocks overnight and after data showed Japanese retail sales grew less than expected in October. Hawkish comments on US interest rates from a top Federal Reserve policymakers still makes investors cautious.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

3,149.7571.202.31

Hang Seng

18,204.68906.745.24

Jakarta Composite

7,012.07-5.29-0.08

KLSE Composite

1,476.96-9.58-0.64

Nikkei 225

28,027.84-134.99-0.48

Straits Times

3,276.3636.301.12

KOSPI Composite

2,433.3925.121.04

Taiwan Weighted

14,709.64152.771.05

 

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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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