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Asian markets trade mixed in early deals on Tuesday

13 Dec 2022 Evaluate
Asian markets traded mixed in early deals on Tuesday, due to risk aversion ahead to key US inflation data due later in the day, and as Federal Reserve interest rate hike decision is due on Wednesday. Moreover, surging Covid cases in China and tighter restrictions on the China's semiconductor industry from the US and its allies, also dulled investor sentiments. Bucking the trend, Japan's Nikkei advanced mirroring positive Wall Street stocks overnight and on rise in exporters with the persisting weakness in local currency yen.

Nikkei 225 up by 107.41 points or 0.39% to 27,949.74, Straight times rose by 31.47 points or 0.97% to 3,271.13, Hang Seng widened by 109.03 points or 0.56% to 19,572.66, and Jakarta Composite enlarged by 52.35 points or 0.78% to 6,786.80.

On flip side, Taiwan down by 68.56 points or 0.47% to 14,544.03, KOSPI curtailed by 2.81 points or 0.12% to 2,370.21, Shanghai diminished by 6.68 points or 0.21% to 3,172.36, and FTSE Bursa Malaysia KLCI narrowed by 3.02 points or 0.20% to 1,471.36.

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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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